Fixed Income Focus - The value of AAA

With seemingly all AAA ratings under severe pressure in the midst of the ongoing credit crisis, it is conceivable that the UK could lose its prized AAA rating in the not too distant future. Does this matter?

There is a significant difference between a country with the sole responsibility of issuing debt in its local currency losing its AAA status, and one where investors have an alternative AAA issuer to migrate to.That said, the indirect impact has the potential to be very negative in both cases.

Download: Fixed Income Focus - The value of AAA

For professional financial advisers only. Not for onward distribution. No other persons should rely on the information contained within this website. For consumer investment products into ISA, funds, Unit Trusts and bonds please visit our public investments website at http://www.legalandgeneral.com

Past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested. The information presented has been prepared on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. No assurances are provided regarding the reliability of such information.
Lines are open 9am to 5pm Monday to Friday. We may record and monitor calls. Call charges will vary.
Legal & General (Unit Trust Managers) Limited. Registered in England No. 1009418. Registered office: One Coleman Street, London EC2R 5AA. Authorised and regulated by the Financial Services Authority.