S&P affirms UK’s sovereign credit rating at ‘AA/A-1+’

By:

Published: Apr 22, 2022, 21:08 GMT+00:00

(Reuters) - Ratings agency S&P Global affirmed the United Kingdom's sovereign credit rating at "AA/A-1+" on Friday, saying high income levels and its large, diversified economy and financial sector support growth.

Pedestrians cross London Bridge during the commute to work in the City of London

(Reuters) – Ratings agency S&P Global affirmed the United Kingdom’s sovereign credit rating at “AA/A-1+” on Friday, saying high income levels and its large, diversified economy and financial sector support growth.

“The ratings could come under pressure if economic growth is significantly weaker than we anticipate, challenging fiscal consolidation”, S&P said in its statement, citing the fallout from Russia’s invasion of Ukraine as a possible risk.

The agency maintained its outlook on the country’s sovereign debt at “stable”.

(Reporting by Mehr Bedi in Bengaluru; Editing by Sriraj Kalluvila)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?