UK loses perfect AAA credit rating

Posted online June 28, 2016 | 11:27 am

Standard & Poor's downgraded the United Kingdom by two notches to AA yesterday, the latest in the fallout from last week's referendum to leave the European Union.

S&P officials said Brexit would "weaken the predictability, stability and effectiveness" of policymaking in the country and discourage foreign investment.

The rating agency also kept a negative outlook on the United Kingdom, indicating further downgrades are possible.

Read more from CNNMoney.

Interim CEO starts at Ozarks Regional YMCA

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

Open for Business: Crumbl Cookies

Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.

Most Read