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Moody’s could revise UK outlook to negative in case of Brexit

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Ratings agency warned again today that it could revise UK’s outlook to negative if the country decided to exit the European Union.

    Moody’s said, “The ‘economic costs’ of a decision to leave the EU would ‘outweigh the economic benefits’”, and said that it would consider “reflecting those threats to the UK’s credit standing by assigning a negative outlook to the sovereign’s Aa1 rating following a vote to exit.”

    Back in April 2015, Moody’s had warned Brexit is a bigger threat to UK credit rating than 2015 General Election.
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