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May cut Britain's rating again before Brexit terms: S&P

The firm stripped Britain of its coveted triple-A rating after the Brexit vote last June

Reuters  |  London 

S&P Global may not wait until the terms of Britain's divorce from the European Union are known before it takes action on its rating again, most likely resulting in another cut, its sovereign ratings chief told Reuters on Tuesday. The firm stripped Britain of its coveted triple-A rating after the Brexit vote last June, downgrading it by two notches to AA and assigning a negative outlook. Asked if it would wait until the end of the Brexit negotiations to take another ratings action on Britain, Moritz Kraemer said: "No, we don't have to wait." "We will ...

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First Published: Thu, June 22 2017. 20:53 IST
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