Standard & Poor's has confirmed its credit rating of AAA for Britain, noting the government's commitment to reducing its budget deficit.
Photo: AFP (file)
Earlier on Friday, the agency downgraded the European Union's long-term credit rating from AAA to AA+.
The agency said it expects average annual British GDP growth of more than 2% during 2013-16.
However, S&P added that its outlook on the long-term rating of Britain remains negative.
