S&P warns Britain's AAA rating threatened by EU exit risk
Published :Sunday, 13 December, 2015, Time : 12:00 AM View Count : 16
LONDON, Dec 12: Ratings agency Standard & Poor's warned Friday that the risk of Britain leaving the European Union could affect its triple-A ranking. S&P, the only major ratings agency to rate Britain as AAA, maintained the ranking with a negative outlook due to uncertainties over a coming referendum on Britain's EU membership. It came shortly after the International Monetary Fund warned that uncertainty over a so-called "Brexit" could hurt its economy. "In our opinion, the possibility that the UK could leave the European Union (EU) as a consequence of a planned 'leave or remain' referendum... represents a risk to the UK economy," S&P said in a statement. ?AFP