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Fitch maintains United Kingdom's sovereign rating at 'AA-'

Reuters
FILE PHOTO: The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London

(Reuters) - Ratings agency Fitch maintained United Kingdom's sovereign debt rating at 'AA-' on Friday, citing a high-income, diversified and flexible economy.

The agency affirmed its outlook at 'stable'. It expects the UK economy to decelerate to 3.8% this year

Fitch said UK's tight labour market will drive strong wage growth and fiscal support measures from the government will partly cushion household incomes in the country.

(Reporting by Vansh Agarwal; Editing by Krishna Chandra Eluri)