Fitch affirms Santander UK

Fitch Ratings said it affirmed Santander UK Group Holdings plc's long-term issuer default ratings at A with a stable outlook, viability rating at a, and support rating at 2.

Fitch maintained Santander UK plc on rating watch positive.

The issuer default ratings of Abbey National Treasury Services plc were affirmed at A/F1 with a stable outlook.

“While the U.K. political situation and Brexit status is very fluid, the stable outlook reflects that SGH's sound asset quality and stable funding mean we believe it will be 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, SGH's ratings are likely to remain at their current levels.”

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