Published by Jamie JemmesonThe toughest Budget in a generation will help Britain retain its AAA credit status, analysts have claimed.In an interview with Bloomberg, Richard Kelly, a senior strategist at Toronto-Dominion Bank in London, said the Budget "helps to improve the prospect" that the UK will cling on to its vaunted credit status, avoiding the downgrades seen in Greece and Spain."The chancellor might not go as far as some might have expected in certain areas, but at the end of the day, it brings the deficit down. That's all that matters," he said.Earlier this month, ratings agency Fitch warned that the UK faced "formidable" challenges in reducing its public deficit, but yesterday described George Osborne's Budget as "ambitious" and helped to prevent a downgrade.Andrew Hawkins, chairman of ComRes, said that while the foreign exchange, gilts and bond markets have reacted positively to the budget, the Lib-Con coalition now faces the challenge of assuaging voter discontent.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site