April 27, 2018 / 8:14 PM / 5 months ago

BRIEF-Fitch Affirms United Kingdom At 'Aa'; Outlook Negative

April 27 (Reuters) -

* FITCH AFFIRMS UNITED KINGDOM AT ‘AA’; OUTLOOK NEGATIVE

* FITCH SAYS UK’S RATINGS BALANCE A HIGH-INCOME, DIVERSIFIED AND ADVANCED ECONOMY AGAINST COMPARATIVELY HIGH PUBLIC INDEBTEDNESS

* FITCH SAYS “STERLING’S RESERVE CURRENCY STATUS, DEEP CAPITAL MARKETS AND STRONG GOVERNANCE INDICATORS” FURTHER SUPPORT UK’S RATINGS

* FITCH SAYS UK’S RATINGS PREDICATED ON BASE CASE “THERE WILL BE A SMOOTH TRANSITION FOLLOWING UK’S DEPARTURE FROM EUROPEAN UNION (EU) NEXT MARCH”

* FITCH SAYS UK’S NEGATIVE OUTLOOK REFLECTS “CONTINUED, ALBEIT REDUCED, DOWNSIDE RISKS OF AN ACRIMONIOUS AND DISRUPTIVE EXIT FROM EU”

* FITCH SAYS UK’S EXIT FROM EU WOULD HAVE NEGATIVE CONSEQUENCES FOR UK TRADE, INVESTMENT AND ECONOMIC PROSPECTS IN SHORT TO MEDIUM TERM Source text for Eikon:

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