July 12, 2017 / 8:45 AM / a month ago

BRIEF-Fitch says global sovereign rating outlook improves, but high debt lingers

July 12 (Reuters) - Fitch on global sovereigns:

* Fitch: global sovereign rating outlook improves, but high debt lingers

* In developed markets, rating outlook trend has turned positive, based largely on country-specific developments

* Despite clear upward global growth momentum, most sovereigns are forecast to see deteriorations in their primary fiscal balances

* Most notable improvement in emerging market sovereign credit profiles is in external finances

* It is still unclear whether Europe's political setting can deliver much-needed structural reforms to support growth

* Brexit negotiations have started and represent material risk to UK and - to lesser degree - remaining EU member states

* European political environment is more settled than at start of year, and short-term outlook is more benign Source text for Eikon:

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