UK odds on to retain triple-A status: Paddy Power

It is far more likely the UK will retain its prized triple-A status than be downgraded, according to bookies.

Paddy Power odds strongly suggest the UK will retain its Aaa status at the end of the year despite ratings agency Moody's putting the country's credit rating on a negative outlook earlier this week. The bookie is offering odds of just 1/3 the UK will retain its triple-A status - the same odds it is giving Mitt Romney, the favourite GOP candidate, of winning the Republican nomination. The US is in a similar position to the UK, with 4/11 on offer that it retains its Aaa status with Moody's. In August, rival ratings agency Standard & Poor's downgraded the country's top-notch credit ratin...