Broadcast United

Standard & Poor’s downgrades UK’s credit rating by two notches

Broadcast United News Desk
Standard & Poor’s downgrades UK’s credit rating by two notches

[ad_1]

rating agencies Standard & Poor’s downgrade UK credit rating There are two levels According to the BBC, this came after the country’s Brexit referendum.

From the highest level – AAA, the rating is Corrected to AA.

The agency’s statement noted that the country’s withdrawal from “mThis will lead to a deterioration in economic indicators The United Kingdom, including “its financial sector”.

The analysis also said that due to the referendum decision Regulatory policies The kingdom’s rule would likely become less predictable, less efficient, and less stable.

Earlier today Depreciation of the British pound The index fell sharply against the US dollar. At the opening of the London Stock Exchange, it fell 0.8%. On Friday, the decline reached 8%.

So far, Standard & Poor’s is the only major ratings agency to retain its top rating for the UK’s economic outlook.

On Friday, Moody’s downgraded the country’s credit rating forecast to “negative.”

Morgan Stanley also predicts that the UK’s declining economic growth potential will increase its vulnerability.



[ad_2]

Source link

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *