Fitch: UK Base Rate Cut Has no Rating Impact on Covered Bonds

(The following statement was released by the rating agency)

Link to Fitch Ratings' Report: Exposure Draft: Covered Bonds

Rating Criteria

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=881438

LONDON, August 18 (Fitch) There will be no rating impact on UK

covered bonds

from the Bank of England's (BoE) decision to cut its base rate

this month as our

affordability and cash flow analysis use stressed

interest-rates, Fitch Ratings

says.

The cut in the base rate to 0.25% fr

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