LONDON (MNI) – Fitch Ratings on Thursday affirmed the Bank of
England’s Long-term Issuer Default Rating (IDR) at ‘AAA’, saying the
outlook was stable.
Fitch also affirmed the short-term IDR at ‘F1+’ and the senior
unsecured notes issued under BOE’s debt issuance programme at ‘AAA’.
Fitch said “The BoE’s ratings reflect its central role in the UK
and international financial system. They remain underpinned by support
from the ‘AAA’-rated UK sovereign.”
“The near certainty of sovereign support for the BOE derives
primarily from its national strategic importance, as well as its
ownership by the UK Treasury,” the agency added.
— London newsroom: 00 44 20 7862 7491 ukeditorial@marketnews.com
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