Ratings downgrades loom over no-deal Brexit: S&P

A no-deal Brexit could lead to ratings downgrades, warns Standard and Poor’s (S&P) as the UK enters the final few crucial weeks to secure an exit deal with the European Union before 31 October. It added that ratings could also be subject to negative outlooks or CreditWatch actions in the expectation of economic slowdown or disruption. S&P said rating actions…

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