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Fitch alters Bank of England view to stable
Fitch Ratings said it revised the Bank of England's outlook to stable from negative and affirmed the long-term foreign-currency issuer default rating at AA-.
“The revision of the outlook on the BoE's IDR follows a similar action on the U.K. sovereign. This is because the BoE's LTFC IDR is directly aligned with that of the U.K. sovereign. The BoE is the monetary arm of the U.K .sovereign and as such its credit profile is aligned with that of the sovereign government,” Fitch said in a press release.
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