Fitch affirms Bank of England

Fitch Ratings said it affirmed Bank of England's long-term issuer default rating at AA with a negative outlook.

The agency said the long-term issuer default rating is directly aligned with that of the U.K. government.

Fitch said Bank of England's rating reflects its central role in the United Kingdom and international financial system.

“The near certainty of sovereign support for the BoE derives from its national strategic importance, as well as ownership by the U.K. Treasury,” the agency said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.