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Moody's Cuts UK Outlook to Negative Over Political Turmoil

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New British Prime Minister Liz Truss walks outside Number 10 Downing Street, in London, Britain September 7, 2022.

KONTAN.CO.ID - LONDON. Ratings agency Moody's on Friday lowered the United Kingdom's outlook to "negative" from "stable" over ongoing political turmoil, weaker growth prospects and high inflation.

Moody's maintained its sovereign rating for the United Kingdom at "Aa3".

British Prime Minister Liz Truss resigned on Thursday triggering a leadership contest that, coming so soon after the bitter one that put her into power, could deepen divisions in the governing Conservative party.

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