...April 1, 2020 LONDON (S&P Global Ratings) April 1, 2020--S&P Global Ratings said today that it is continuing to assess the effects of the coronavirus outbreak on the U.K.'s creditworthiness. Meanwhile, we plan to follow our calendar of scheduled publications (see "Calendar Of 2020 EMEA Sovereign, Regional, And Local Government Rating Publication Dates," published on Dec. 20, 2019), including a review of the U.K.'s sovereign rating (unsolicited; ##/Stable/A-1+) on April 24, 2020. Coronavirus poses a large supply and demand shock to the U.K.'s consumption-driven economy. Over the past month, the U.K. government, the Bank of England, and the Prudential Regulatory Authority have announced a raft of substantial fiscal, monetary, and regulatory interventions with the ultimate aim of ensuring that the economic disruption stemming from the pandemic will not extend into the medium term. Like other wealthy governments, the U.K. is prepared to bear the costs (that is, to incur additional public debt)...
