'A' rating likely for independent Scotland

Scotland's credit rating immediately after independence would likely be lower than the rest of the UK.

The ratings agency Moody's predicts it would hold an investment-grade A rating, that's below the UK's current Aa1. But it adds that Scotland could achieve a higher rating over time. An 'A' rating would be similar to countries like Poland, the Czech Repubic and Mexico, and would mean borrowing costs for the new independent government would be higher.