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DBRS Confirms the United Kingdom at AAA, Stable Trend
DBRS Ratings GmbH (DBRS) confirmed the United Kingdom of Great Britain and Northern Ireland’s (the United Kingdom or U.K.) Long-Term Foreign and Local Currency – Issuer Ratings at AAA. At the same time, DBRS confirmed the Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (high). The trend on all ratings is Stable. Brexit continues to be the dominant feature of the U.K.’s political economy. Risks stemming from Brexit remain significant and even three years on from the 2016 Brexit vote, visibility around the U.K.’s future relationship with the EU is limited. While a clear majority within the U.K. ... (full story)