Moody's says Brexit is a 'credit negative' for UK ratings
Reuters
Published Jun 24, 2016 03:47AM ET
Moody's says Brexit is a 'credit negative' for UK ratings
LONDON (Reuters) - Moody's ratings agency said on Friday that Britain's vote to leave the European Union was "credit negative" for Britain's sovereign ratings and for other issuers in the country.
"This outcome heralds a prolonged period of policy uncertainty that will weigh on the UK's economic and financial performance," it said in a statement.
"Heightened uncertainty will likely dent investment flows and confidence, weighing on the UK's growth prospects - a credit negative for the UK sovereign and other UK debt issuers."
Moody's rates the UK one notch below triple-A with a stable outlook.
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Written By: Reuters
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