Fitch revises British debt outlook from stable to negative

Fitch Ratings on Wednesday revised the outlook of Britain's Long-term IDRs to Negative from Stable, as it believed Britain has very limited fiscal space to absorb further adverse economic shocks against the background of high debt levels and weak economic recovery.

The ratings firm still kept its AAA rating on British sovereign debt.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.