Standard and Poor's Affirms UK's Credit Rating

International credit rating agency Standard & Poor's announced that it affirmed the UK's credit rating at "AA/A-1+" and maintained its rating outlook as "stable".

Credit Rating and Outlook

In a statement by international credit rating agency Standard & Poor's, it was reported that the UK's long- and short-term foreign and local currency credit ratings were affirmed at "AA/A-1+".

Economic Outlook and Risks

It was stated that the stable outlook reflects the expectation that the UK economy maintains its resilience against energy shocks arising from conflicts in the Middle East and that growth will remain reasonably strong.

Growth and Budget Expectations

It was noted that real Gross Domestic Product growth in the UK is expected to be 1.3 percent this year, and an average growth of 1.4 percent is forecasted for the 2027-2029 period.

Interest Rate and Inflation Forecasts

Pointing out that high hydrocarbon prices continue to affect inflation, it was stated that the Bank of England is expected to raise its policy rate by 0.25 percentage points in late 2026.