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S&P cuts UK’s credit rating by dual notches after Brexit

Ratings group Standard Poor’s nude Britain of a final remaining top-notch credit rating Monday, slicing it by dual notches from AAA and warning some-more downgrades could follow after Britons voted to leave a European Union final week.

SP’s pierce was a uninformed blow to Britain’s mercantile station after a referendum.

SP pronounced it was a initial time it had chopped an AAA-rated emperor credit rating by dual notches in one go.

The combined awaiting of a new autonomy referendum in Scotland – that voted strongly to stay in a EU – threatens a inherent and mercantile firmness of a United Kingdom, SP warned.






Article source: http://www.dailystar.com.lb//Business/International/2016/Jun-27/359295-sp-cuts-uks-credit-rating-by-two-notches-after-brexit.ashx