UK’s Credit Outlook Cut to Negative by Fitch on Fiscal Risk
- Fitch warns that government’s new plan could pressure deficit
- Fitch follows recent S&P outlook cut and Moody’s warning
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The UK’s credit outlook was lowered to negative from stable by Fitch Ratings, which cited risk the government’s new growth plan could increase the nation’s fiscal deficit.
Fitch affirmed the UK’s rating at AA-, the fourth highest level, according to a Wednesday statement. The Bank of England’s outlook was also lowered to negative from stable by Fitch due to its link with the sovereign.