Fitch Affirms U.K.’s Triple-A Rating

Ratings Agency Fitch has affirmed the UK’s ‘AAA’ Credit Rating and kept the country’s rating outlook as ‘stable’, citing a high value-added, wealthy and flexible economy as supportive of the rating. Fitch said that the principal risk to the UK’s ‘AAA’ status is if a much weaker than anticipated economic recovery undermined the fiscal consolidation effort and gave rise to a deterioration in bank asset quality and an increase in contingent risks from the UK financial sector. – iMarketNews