Monday, June 27, 2016

Fitch low ‘rating’ the UK to AA with a negative perspective – Express

The rating agency Fitch lowered Monday the UK’s debt rating from AA + to AA with a negative outlook, after the British had voted in favor of out of the European Union.

the ‘rating’ with negative outlook means that the UK’s credit rating may fall further in the coming days

Before, also the Standard and Poor’s (S & P). – one of the three major agencies Credit rating world, along with Moody’s and Fitch – had withdrawn to the United Kingdom triple a rating (the best possible) down the score on two levels to AA

the US. American Moody’s downgraded its outlook on the credit quality of the UK from ‘stable’ to ‘negative’, on Friday, which means that the ‘rating’, which is ‘Aa1′, may come down again soon.

Since the Canadian agency DBRS reaffirmed the triple-A allocated to the United Kingdom of Great Britain and Northern Ireland, also reaffirming the prospect of ‘stable’ of the numbers awarded to the British creditworthiness.

the British voters decided on Thursday that Britain will leave the European Union (EU), with the ‘Brexit’ to win 51.9% of votes in the referendum, whose participation rate was 72.2%.

the notes on Credit rating agencies are a kind of solvency certificates and dictate the conditions in which companies and countries gain access to markets.

the lower the rating , the higher interest rates demanded by creditors.

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