The rating agency Fitch lowered, on Monday, the UK’s debt rating from AA + to AA with a negative outlook, after the British have voted in favor of out of the European Union.
‘rating’ with negative outlook means that the UK’s credit rating may fall further in the coming days.
Before, also the Standard and Poor’s (S & P) – one of the three major agencies ‘rating’ world, along with Moody’s and Fitch – had withdrawn to the United Kingdom triple a rating (the best possible) down the score on two levels to AA.
the American Moody’s downgraded its outlook on the credit quality of the UK from ‘stable’ to ‘negative’, on Friday, which means that the ‘rating’, which is ‘Aa1′, may come down again soon.
Since the Canadian agency DBRS reaffirmed the triple-a assigned to the United Kingdom of Great Britain and Ireland North also reaffirming the prospect of ‘stable’ of the numbers awarded to the British creditworthiness.
the British voters decided on Thursday that Britain will leave the European Union (EU), with ‘ Brexit ‘to win 51.9% of votes in the referendum, whose participation rate was 72.2%.
the notes of the agencies’ rating’ constitute a kind of solvency certificates and dictate the conditions where companies and countries gain access to markets.
the lower the rating, the higher the interest rates demanded by creditors.
No comments:
Post a Comment