Fitch Sets UK's Rating Outlook Negative

Fitch sets the UK's rating outlook as negative. The organization confirmed the country's credit rating as "AA-". International credit rating agency Fitch Ratings determined the UK's credit rating and credit outlook. In the statement made by the agency, it was stated that the country's rating, balances the high-income, diversified and developed economy against increasing public sector debt, while the sterling's reserve currency status, deep capital market and strong governance indicators support the country's rating. In the company's statement, it was reported that the UK's long-term foreign currency credit rating was confirmed as "AA-" and the rating outlook is determined as "negative". In the statement, which stated that the negative rating outlook is an expression of the reflection of the new type of coronavirus (Covid-19) epidemic on the UK economy, it was stated that the uncertainty about how the new trade regulation between the UK and the European Union (EU) will be implemented and how the country's trade with the EU will be reflected over time . In the statement, it was noted that the point reached in coronavirus (Covid-19) vaccination may affect a sustainable recovery in the second quarter of the year.