Tags: S&P | britain | aaa | brexit

S&P Says Britain's 'AAA' Credit Rating Untenable After Brexit Vote - FT

S&P Says Britain's 'AAA' Credit Rating Untenable After Brexit Vote - FT
(iStock)

Friday, 24 June 2016 01:55 AM EDT

Ratings agency Standard and Poor's said Britain's top-notch "AAA" credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reported on Friday.

"We think that a AAA-rating is untenable under the circumstances," Moritz Kraemer, chief ratings officer for S&P, told the FT.

Rival ratings agencies Fitch and Moody's have already stripped Britain of their AAA ratings, long before the referendum campaign began.

S&P has previously said its AAA rating for Britain reflected its assumption that the referendum would deliver a vote to remain in the EU.


© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Ratings agency Standard and Poor's said Britain's top-notch AAA credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reported on Friday. We think that a AAA-rating is untenable under the circumstances, Moritz Kraemer,...
S&P, britain, aaa, brexit
93
2016-55-24
Friday, 24 June 2016 01:55 AM
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