UK Debt Outlook Remains Negative at Fitch in Setback for Sunak
- The country still remains at risk of losing its AA- rating
- Fitch projects fiscal deficit to reach 5.4% of GDP in 2023
Rishi Sunak
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Fitch Ratings maintained its “negative” credit outlook on the UK in a fresh setback for Prime Minister Rishi Sunak.
In a statement Friday, the credit assessor said the negative outlook reflects uncertain prospects for fiscal consolidation. It means the UK remains at risk of losing its AA- rating, a high-quality mark it shares with the likes of France, South Korea and Ireland.