Skip to main content
Black Listed News

Fitch Downgrades United Kingdom to 'AA+'; Outlook Stable

Published: April 20, 2013
Share | Print This


Source: Reuters

Fitch Ratings has downgraded the United Kingdom's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'AA+' from 'AAA'. The Outlook is Stable. At the same time, the agency has affirmed the UK's Short-term foreign currency rating at 'F1+' and the Country Ceiling at 'AAA'. The rating actions follow the conclusion of the review of the UK's sovereign ratings initiated on 22 March and resolve the Rating Watch Negative. The previous Negative Outlook on the UK's sovereign ratings had been in place since 14 March 2012. KEY RATING DRIVERS The downgrade of the UK's sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch's medium-term projections for UK budget deficits and government debt. Despite the loss of its 'AAA' status, the UK's extremely strong credit profile is reflected in its 'AA+' rating and the Stable Outlook.
Read More...

Share This Article...



Stay Connect:
Free Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Laverdad Cigars
Shop Amazon
Golden Eagle Coins
DHGATE.COM
Chameleon John Coupons
Discountrue




Calling for Contributors!

Got something to say?
We want to hear from you.

Submit your article contributions and participate in the world's largest independent online news community today!

Contact us today!







BlackListed News 2006-2015