Monday, 27 June 2016

Moody’s Credit Reference Agency cuts UK’s credit outlook to negative

After Standard and Poor, one of the world's largest credit reference agencies, said during the campaign that they would downgrade the UK’s credit rating “immediately”  if we vote Brexit, another, Moody’s (see HERE) has now confirmed they have already reduce our AAA status to negative, meaning the next probable move is downwards.  This will potentially lead to higher interest payments on our £1.7tn debt, already running at £43bn a year or £826 million a week.

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