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MOODY’S: The UK risks a credit downgrade if Brexit trade talks fail

LONDON — The UK is at risk of a sovereign credit rating downgrade if the government fails to strike a post-Brexit trade deal with the European Union, Moody’s said on Wednesday.

Moody’s, which is one of the world’s big three credit rating companies, said the UK could lose its Aa1 rating if “core elements of the UK’s current access to the EU single market” are lost through Brexit.

Britain’s sovereign debt would be seen as riskier, potentially increasing the Treasury’s borrowing costs, in the event of a rating downgrade.

“The likelihood of an abrupt and damaging exit with no agreement has increased since read more >>>

Source:: BusinessInsider.Com

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