Moody's downgraded United Kingdom lg-term........>

UK: Moody's downgraded United Kingdom lg-term issuer rtg to Aa2 from Aa1,

changed outlk to stable from negative; cut UK sr unsecured bond to Aa2 from Aa1.

"Key drivers: 1. Outlk for UK's public finances has weakened significantly"

since Aa1 rtg negative outlk "was assigned, with the govt's fiscal consolidation

plans increasingly in question and the debt burden expected to continue to rise;

- "2. Fiscal pressures will be exacerbated by the erosion of the UK's

medium-term econ strength that is likely to result from the manner of its

departure from the European Union, and by the increasingly apparent challenges

to policy-making given the complexity of Brexit negotiations and associated

domestic political dynamics." 

- Moody's downgraded to Aa2 Bk of England issuer and sr unsecured bond rtgs from

Aa1; rtg on senior unsecured medium-term note program was downgraded to (P)Aa2

from (P)Aa1. Short-term issuer ratings were affirmed at Prime-1. The ratings

outlk also changed to stable from negative. The foreign and local curr. bond

ceilings and the local-curr deposit ceiling unchanged at Aaa/P-1; FX lg-term

deposit ceiling lowered to Aa2 from Aaa, and S/T deposit ceilings remain P-1."