U.K.’s AA+ Grade Is Affirmed at Fitch Amid Economic Growth

The U.K.’s government bond grade was affirmed at AA+, the second-highest level, by Fitch Ratings, which cited robust gross-domestic-product growth and an improving labor market.

“Favorable macroeconomic trends, including strong GDP growth, falling unemployment and inflation close to the 2 percent target, have continued in the U.K. economy since our last review in December 2013,” the ratings company said today in a statement. The nation’s credit outlook was affirmed as stable, Fitch said. The pound gained for a third day against the dollar and advanced to strongest since 2012 versus the euro.