Fitch Ratings has maintained the Wandsworth Borough Council’s top rating.
It has retained the ‘AA’ long-term foreign- and local-currency issuer default ratings (IDRs) on rating watch negative (RWN).
The short-term foreign-currency IDR has been affirmed at ‘F1+’.
Fitch said: “Wandsworth’s ratings reflect a combination of a sound risk profile assessed at ‘high midrange’ and strong debt sustainability assessed in the ‘aaa’ category under Fitch’s rating case scenario.
“The RWN reflects that on the UK sovereign as the IDR is capped by the sovereign rating.”
