Fitch warns about "uncertainty" about Brexit in his latest assessment

There is growing concern that Britain will leave the EU in March without an agreement with Brussels

NEW YORK, United States.- The rating agency Fitch retained Friday Britain's AA debt rating, but cautioned against the risks associated with a potentially difficult transition of Brexit.

There are growing fears that Britain will leave the EU in March without an agreement with Brussels, which is considered the worst scenario and would have a disastrous impact on the economy.

"From Fitch's point of view, the intensification of political divisions in the United Kingdom, both on aspects of the country's exit from the European Union and on the framework of future relations between the United Kingdom and the United Kingdom. the European Union, prevented progress in Brexit negotiations and increased the likelihood of a worrying and worrying Brexit without an agreement, "he said.

"Such a result would greatly disrupt customs, trade and economic activities, and led Fitch to abandon the basic scenario on which the ratings were based."

"The uncertainty surrounding the Brexit process is weighing on economic growth prospects," Fitch said, adding that Britain's GDP could fall to 1.3 percent from 1.7 percent in 2017.

In contrast, S & P Global Ratings maintained its AA rating for Britain's sovereign debt, as well as its negative outlook.

"The ratings are limited by the uncertainty surrounding the departure of the UK and its future relations with the EU, which, in our opinion, will have significant consequences for its economy, its ability to attract flows. of capital and manpower, time and its public and external finances, "said the rating agency.