Scotland hopes to issue £1.5bn of its own bonds – ‘kilts’ rather than gilts - short news
Announcement by first minister John Swinney follows country’s high credit rating from Moody’s and S&P
The Scottish first minister John Swinney has said Edinburgh is on track to issue its own government bonds, nicknamed “kilts”, after the country was given the same credit rating as the UK.
Two ratings agencies, Moody’s and S&P Global, gave Scotland a score of Aa3 and AA respectively, echoing their judgment for the UK as a whole.
Continue reading...source: The Guardian - 13.11.2025