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Fitch Affirms United Kingdom at 'AAA'; Maintains Negative Outlook
Fitch Ratings has affirmed the United Kingdom's (UK) sovereign ratings as follows: --Long-term foreign currency Issuer Default Rating (IDR) affirmed at 'AAA' --Long-term local currency IDR affirmed at 'AAA' --Country Ceiling affirmed at 'AAA' --Short-term foreign currency rating affirmed at 'F1+' The Outlooks on the Long-term IDRs have been maintained at Negative. The UK's 'AAA' rating is underpinned by a high-income, diversified and flexible economy as well as robust institutions and a high degree of political and social stability. The independent monetary policy framework, as well as sterling's reserve currency ... (full story)
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