SNP rejects credit rating warnings
The government was reacting to an analysis carried out by a leading fund manager that concluded ratings agencies would look critically at Scotland’s poor relative growth and argued there would be a bias towards larger nations when deciding credit status.
Jim Leaviss, a fund manager at the giant M&G Group, delivered his verdict when he looked at what might happen to Scotland and the United Kingdom in the event of the break up of Britain.
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Hide AdA government spokesman said North Sea reserves and the transfer of new economic levers to Edinburgh would ensure that an independent Scotland’s credit rating remained at AAA. “Scotland is in a far stronger position than the UK in terms of our fiscal position,” he said.