Fitch: UK has 'heightened probability of downgrade'

A Fitch Ratings statement said its placement of the UK on a negative watch indicated a "heightened probability of a downgrade in the near term."

It added:

The RWN reflect the latest economic and fiscal forecasts published by the Office for Budget Responsibility (OBR) that indicate that UK government debt will peak later and at a higher level than previously expected by Fitch.


UK on credit downgrade review

The Fitch credit rating agency has put the UK on negative rating watch, meaning it is on review for a potential downgrade, because of the Chancellor's worsening debt forecasts. It comes after Moody's downgraded the country's top AAA rating last month