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Fitch Affirms United Kingdom at 'AA' Outlook Negative
Fitch Ratings has affirmed the UK's Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'AA'. The Outlooks are Negative. The issue ratings on the UK's long-term foreign and local currency bonds have also been affirmed at 'AA'. The Country Ceiling has been affirmed at 'AAA' and the Short-Term Foreign Currency and Local Currency IDRs at 'F1+'. The short-term bonds have also been affirmed at 'F1+'. KEY RATING DRIVERS The UK's ratings balance a high-income, diversified and advanced economy against comparatively high public sector indebtedness. Deep capital markets and sterling's international reserve ... (full story)