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UK's AAA credit rating cut to Aa1 by Moody's

22 February 2013 Last updated at 22:46 GMT

The credit rating agency Moody's says it has downgraded its rating for the UK economy.

Moody's says it has cut the rating - for government bonds - by one notch from the top AAA grade to Aa1.

They blame the UK's weak economy, claiming growth will remain "sluggish over the next few years."

Louise Stewart reports.

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