div classBodysc17zpet90 cdBBJodivpReuters – Ratings agency S&P Global affirmed the United Kingdoms sovereign credit rating at “AAA1” on Friday, saying high income levels and its large, diversified economy and financial sector support growth.
“The ratings could come under pressure if economic growth is significantly weaker than we anticipate, challenging fiscal consolidation”, S&P said in its statement, citing the fallout from Russias invasion of Ukraine as a possible risk.pdivdivdiv classBodysc17zpet90 cdBBJodiv
The agency maintained its outlook on the countrys sovereign debt at “stable”.
Reporting by Mehr Bedi in Bengaluru Editing by Sriraj Kalluvila
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