Moody's lowered UK rating from "stable" to "negative"
18:26, 27 June 2016

Moody's lowered UK rating from "stable" to "negative"

Agency assured that economic efficiency of the UK Government's policy may be somewhat reduced

18:26, 27 June 2016

Moody's International rating agency revised its outlook on the long-term and debt ratings of the UK from "stable" to "negative", according to the agency website.

As noted, both ratings affirmed at "Aa1".

Lagarde: No panic in world economy due to Brexit

The agency believes that Brexit will herald a long period of uncertainty for the UK with negative implications for the medium-term prospects for growth. In the longer term, if the UK will not provide a favorable alternative mechanism for trade with the EU and other countries, the prospects for UK growth will be substantially weaker than currently expected.

Related: More than half of Scots stand for separation from UK, - survey

Related: Brexit can simplify European integration of Ukraine, - chairman of Polish Sejm

Related: Hollande refused to hold referendum in France on exit of the EU, - opposition

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