Scotland given same credit rating as UK ahead of debut ‘kilts’ sale

Financial TimesWednesday, November 12, 2025 at 9:50:00 PM
Scotland given same credit rating as UK ahead of debut ‘kilts’ sale
Scotland has been awarded the same investment-grade credit rating as the UK by S&P and Moody's, marking a significant milestone as it prepares for its first bond issue since the late 17th century. This development is important as it reflects Scotland's financial stability and credibility in the markets, potentially opening up new avenues for funding and investment. The bond sale, often referred to as 'kilts', is a historic event that underscores Scotland's evolving financial landscape and its aspirations for greater economic autonomy.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Calm Returns to Gilt Market Ahead of U.K. Inflation Data
NeutralFinancial Markets
Gilt yields have decreased, reversing the previous rise that was attributed to concerns regarding the U.K. government's upcoming budget announcement. This shift indicates a return to stability in the gilt market ahead of the anticipated inflation data release.
FCA’s first deputy CEO calls for stronger grip on vital tech firms
PositiveFinancial Markets
Sarah Pritchard, the first deputy CEO of the Financial Conduct Authority (FCA), has emphasized the need for the UK to enhance its oversight of foreign tech firms that provide essential services to banks. This call comes amid increasing concerns regarding outages and cyber-attacks affecting the banking sector. Pritchard highlighted the importance of operational resilience and robust cyber controls, noting that there have been frequent reminders of these critical needs in the financial landscape.
Asking prices for UK homes fall in run up to budget, Rightmove says
NegativeFinancial Markets
Asking prices for homes in the UK have decreased as the country approaches its budget announcement, according to Rightmove. This decline reflects ongoing challenges in the housing market, which may influence buyer sentiment and market dynamics leading up to the budget release.