Hey there! Sign in to join this conversationNew here? Join for free

Now the EU’s credit rating is downgraded as Brexit fallout continues Watch

    • Thread Starter
    Offline

    1
    ReputationRep:
    After stripping Britain of its last remaining top-notch credit rating, dropping it by two grades from AAA to AA, Standard and Poor’s has taken its axe to the EU.


    The bloc has been downgraded to AA with a stable outlook reflecting the EU’s “weakening political cohesion” after Britain voted to leave the EU.


    In a statement S&P said: “After the decision by the UK electorate to leave the EU as a consequence of the June 23 consultative referendum, we have reassessed our opinion of cohesion within the EU, which we now consider to be a neutral rather than positive rating factor.

    Read More:
    http://www.express.co.uk/finance/cit...d-and-Poors-AA
    Offline

    16
    ReputationRep:
    If the UK finally leaves it will recover in my opinion
 
 
 
Reply
Submit reply
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: July 3, 2016
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Brexit voters: Do you stand by your vote?
    Useful resources
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.