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Outlook On United Kingdom Revised To Negative; 'AAA/A-1+' Ratings Affirmed
Standard & Poor's Ratings Services today revised its outlook on the unsolicited long-term ratings on the United Kingdom to negative from stable. At the same time, we affirmed our 'AAA/A-1+' long- and short-term unsolicited sovereign credit ratings. The transfer & convertibility (T&C) assessment on the U.K. remains 'AAA'. We have also revised to negative from stable our outlooks on the 'AAA' long-term issuer credit ratings of the Bank of England and the debt program of Network Rail Infrastructure Finance PLC. The outlook revision reflects our view that we could lower the ratings on the U.K. within the next two years if ... (full story)
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