Cameron dismisses ratings worries

British prime minister David Cameron said the credibility of his deficit-cutting policy was more important than the judgment of credit rating agencies, as the threat of a third recession since the financial crisis looms.

Britain has held onto its triple-A credit rating while the US and France have suffered downgrades, but that endorsement has looked increasingly shaky.

A loss of the rating would be a blow to Cameron and his Conservative-led coalition, which has staked its political reputation on maintaining the top rating and nursing Britain’s economy back to health by cutting its deficit.