Ratings On The United Kingdom Affirmed At 'AA/A-1+'; Outlook Remains Negative

Ratings: Foreign and Local Currency U~: AA/Negative/A-1+ For further details see ratings list. OVERVIEW Uncertainty persists on the U.K.'s future relationship with its most important trading partner, the EU. The U.K.'s current account deficit remains the second largest in the world, in absolute terms. We are affirming our long-term sovereign credit ratings on the U.K. at 'AA'. The negative outlook reflects the risk of sustained economic weakness should merchandise and services exports from the U.K. lose access to key European markets, or should external financing diminish due to a loss of confidence in the economy's prospects. RATING ACTION On April 27, 2018, S&P Global Ratings affirmed its unsolicited long- and short-term foreign and local currency sovereign credit ratings on the

...OVERVIEW Uncertainty persists on the U.K.'s future relationship with its most important + trading partner, the EU. The U.K.'s current account deficit remains the second largest in the world, in + absolute terms. We are affirming our long-term sovereign credit ratings on the U.K. at '##'. + The negative outlook reflects the risk of sustained economic weakness should + merchandise and services exports from the U.K. lose access to key European markets, or should external financing diminish due to a loss of confidence in the economy's prospects. RATING ACTION On April 27, 2018, S&P Global Ratings affirmed its unsolicited long- and short-term foreign and local currency sovereign credit ratings on the United Kingdom at '##/A- 1+'. The outlook is negative. At the same time, we affirmed the '##/A-1+' long- and short-term issuer credit ratings on the Bank of England and the '##/A-1+' ratings on the debt programs of...

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