trending Market Intelligence /marketintelligence/en/news-insights/trending/aM7M5TBEYjYra6uz82s8KQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

DBRS Morningstar affirms UK at AAA on greater Brexit clarity after Tory win

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

DBRS Morningstar affirms UK at AAA on greater Brexit clarity after Tory win

DBRS Morningstar affirmed the U.K.'s long-term foreign- and local-currency issuer ratings at AAA on greater Brexit clarity after the Conservative Party's sweeping win at the Dec. 12 general election.

The Tories secured 365 seats out of the total 650 seats in Parliament, which will now allow Prime Minister Boris Johnson to expedite the Withdrawal Agreement into legislation and lead the U.K. out of the EU on Jan. 31, 2020. The U.K. will then need to work on a reaching a trade agreement with the EU before end-2020, though the deadline can be extended, DBRS Morningstar wrote.

The rating agency expects a more expansionary fiscal stance from the new Conservative government on the back of proposed new fiscal rules and a likely increase in public spending as a percentage of GDP due to new priorities.

DBRS Morningstar projects the U.K. economy will grow by 1.2% in 2019, having shown resilience amid Brexit-related uncertainty so far.

The ratings trend is stable.