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18 Dec 2013
Fitch affirms UK at AA+, outlook stable
FXstreet.com (Córdoba) - Fitch Ratings has affirmed the UK's rating at 'AA+', with stable outlook the agency said in a statement Wednesday.
Among key drivers, Fitch cited stronger UK recovery since last review in April 2013. "Quarterly GDP growth accelerated to 0.7% and 0.8% in 2Q13 and 3Q13, respectively. Fitch judges the 2013 pick-up to be predominantly cyclical, driven by stronger household consumption and housing investment", the agency said. However, Fitch said the UK still lags most of its rated peers.
Among key drivers, Fitch cited stronger UK recovery since last review in April 2013. "Quarterly GDP growth accelerated to 0.7% and 0.8% in 2Q13 and 3Q13, respectively. Fitch judges the 2013 pick-up to be predominantly cyclical, driven by stronger household consumption and housing investment", the agency said. However, Fitch said the UK still lags most of its rated peers.