Independent Scotland could be AAA rated – Standard & Poors
by Gordon MacIntyre-Kemp (28 Feb 2014)
In a massive blow to the credibility of the No Campaign’s scaremongering, the credit rating agency Standard & Poor’s released a report yesterday, clearly stating that an independent Scotland would be an investment grade economy. The report states emphatically that S&P would expect Scotland to ‘benefit from all the attributes of an investment-grade sovereign credit’ due to its ‘wealthy’ economy, and that it sees ‘no fundamental reason’ in terms of Scotland’s balance sheet why Scotland could not float its own currency (even though we do not intend to).
