Fitch lowered the British rating one level from AA + to AA. Its outlook is negative, meaning that further reductions are possible. In support agency says that the decision to leave the EU will have a negative impact on the British economy, finance and political continuity. First of all, in the short term it will cause a sudden slowdown in GDP growth. Companies uncertain of how to change their environment, they will hold back investment.
In the medium term the economy probably hit worse conditions for exporting to the EU, less immigration and a decline in foreign investment in the UK.
Earlier on Monday night, Standard & amp; Poor’s stripped the United Kingdom the highest possible rating – AAA. The reasoning is similar. According to analysts, S & amp; P, the decision to leave the EU will lead to a deterioration of predictability, stability and efficiency of policy in the UK. Brexit will also affect negatively the UK economic growth, investment and public finances.
Agency emphasizes that there is a risk of a second referendum on Scottish independence, which might lead to a constitutional crisis in the country. Brexit can also according to the S & amp; P to reduce the role of the pound as a global reserve currency. The rating outlook is negative, which means that in the future may lead to further reductions.
The outlook is negative, which means that in the future may lead to further reductions.
the third largest agency Moody’s on Friday downgraded the outlook of the British referendum rating to negative. Sam rating for now was at Aa1, which is the second highest.
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