S&P lifts outlook on UK triple-A credit rating to stable

LONDON, June 13 Fri Jun 13, 2014 11:57am EDT

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LONDON, June 13 (Reuters) - Ratings agency Standard & Poor's upgraded its outlook on Britain's triple-A credit rating to stable from negative on Friday, in a move likely to be warmly welcomed by finance minister George Osborne.

"We anticipate that the UK's economic recovery will continue to broaden, benefiting the public finances," S&P said.

S&P is the only major ratings agency to retain a triple-A rating on British sovereign debt. (Reporting by David Milliken; Editing by Andy Bruce)

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