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Fitch Maintains the UK on Rating Watch Negative
Fitch Ratings has maintained the United Kingdom's 'AA' Long-Term Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). Fitch will look to resolve the RWN in light of the modalities of the UK's exit from the EU. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The agreement between the EU and the UK to further extend the process outlined in Article 50 of the Treaty on European Union to 31 October 2019 reduces but does not eliminate the risk of a 'no-deal' Brexit over the next six months. The decision to maintain the RWN on the UK's 'AA' ratings reflects the ... (full story)