U.K. Dodges Downgrade From Fitch With Outlook Shifted to Stable
- Country’s credit rating affirmed at AA- by credit-ranking firm
- Britain more resilient to the pandemic shock than expected
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The outlook for the U.K.’s sovereign debt score has been upgraded to stable by Fitch Ratings, which said Friday that the country’s economy and public finances have proved more resilient to the pandemic shock than the credit assessor had anticipated.
Fitch previously had a negative outlook on the U.K., but the country avoided being downgraded, with the firm keeping its rating at AA-, its fourth-highest grade, according to a statement Friday.