Fitch maintains United Kingdom’s sovereign rating at ‘AA-‘

By:

Published: Jun 10, 2022, 21:53 GMT+00:00

(Reuters) - Ratings agency Fitch maintained United Kingdom's sovereign debt rating at 'AA-' on Friday, citing a high-income, diversified and flexible economy.

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London

(Reuters) – Ratings agency Fitch maintained United Kingdom’s sovereign debt rating at ‘AA-‘ on Friday, citing a high-income, diversified and flexible economy.

The agency affirmed its outlook at ‘stable’. It expects the UK economy to decelerate to 3.8% this year

Fitch said UK’s tight labour market will drive strong wage growth and fiscal support measures from the government will partly cushion household incomes in the country.

(Reporting by Vansh Agarwal; Editing by Krishna Chandra Eluri)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: