– Rankings company S&P International affirmed the UK’s sovereign credit standing at “AA/A-1+” on Friday, saying excessive revenue ranges and its giant, diversified financial system and monetary sector help progress.
“The scores might come below strain if financial progress is considerably weaker than we anticipate, difficult fiscal consolidation”, S&P mentioned in its assertion, citing the fallout from Russia’s invasion of Ukraine as a potential danger.
The company maintained its outlook on the nation’s sovereign debt at “secure”.
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