S&P - last year's 2-notch downgrade of UK rating already reflects most of concerns over Brexit negotiations

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18 October 2017

S&P - last year's 2-notch downgrade of UK rating already reflects most of concerns over Brexit negotiations

Have genuine concerns about UK economic performance over next few years

S&P - we are fairly constructive on Russia rating; decision to upgrade to investment grade or not likely in next 12 months

Germany sells 30-yr bund at 100.66 and above, bid/cover 1.7 (pvs 1.8) - Bundesbank

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