Fitch affirms Nationwide Building

Fitch Ratings said it affirmed Nationwide Building Society's long-term issuer default rating at A and viability rating at a.

The outlook is stable.

“While the U.K. political situation and Brexit status is highly fluid, the outlook is currently stable because Nationwide's capitalisation and asset quality mean we believe it is able to withstand a moderate weakening of the economic environment associated with Brexit,” the agency said in a news release.

“Unless a disruptive no-deal Brexit occurs or our economic and financial market expectations otherwise deteriorate materially, Nationwide's ratings are likely to remain at their current levels.”

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