KONTAN.CO.ID - LONDON. Ratings agencies Standard & Poor's and Fitch scaled back their warnings that Britain might suffer a new credit downgrade, saying Prime Minister Boris Johnson's emphatic election victory last week reduced the risk of a no-deal Brexit next month. S&P raised Britain's outlook to stable from negative while Fitch took the country off its rating watch negative list although it kept its broader outlook at negative. Johnson won a bigger-than-expected parliamentary majority in last week's election, breaking the deadlock in Westminster over how or even whether to proceed with Brexit. Britain is scheduled to leave the European Union on Jan. 31.
Ratings agencies take UK off downgrade watch after Johnson's win
KONTAN.CO.ID - LONDON. Ratings agencies Standard & Poor's and Fitch scaled back their warnings that Britain might suffer a new credit downgrade, saying Prime Minister Boris Johnson's emphatic election victory last week reduced the risk of a no-deal Brexit next month. S&P raised Britain's outlook to stable from negative while Fitch took the country off its rating watch negative list although it kept its broader outlook at negative. Johnson won a bigger-than-expected parliamentary majority in last week's election, breaking the deadlock in Westminster over how or even whether to proceed with Brexit. Britain is scheduled to leave the European Union on Jan. 31.