Saturday, December 12, 2015

GB – S & P confirmed its ‘AAA’ rating, the outlook remains negative – Zonebourse.com

(Updated with Fitch)

Standard & amp; Poor’s on Friday confirmed the long-term ‘AAA’ rating, the highest possible sovereign debt to Britain and the negative outlook attached to it.

The rating agency specifies that the negative outlook is due mainly to uncertainties about the country’s future within the European Union, adding that if the voters expressed their will to remain in the EU, this perspective could be revised to stable.

British Prime Minister David Cameron has pledged to renegotiate relations between London and Brussels before the referendum on remaining in the EU promised by 2017.

S & amp ;. P had lowered its outlook in June in Britain and also said that “Brexit” could result in a downgrade of two notches

Meanwhile, Moody’s said the month last that the country would not risk necessarily a downgrading of its sovereign rating if he chooses to leave the European Union

After S & amp;. P, Fitch also confirmed its rating at ‘AA’ and its outlook stable, saying the outcome of any output Britain in the European Union would be very uncertain and it would depend on long and complex negotiations.

The prospect ” negative “indicates that the possibility of lowering the long-term rating in the next two years is at least one in three says S & amp;. P

The rating agency goes to against one of the key arguments of the advocates of output Britain from the EU, saying that immigration over the past decade had a generally positive effect on the economy.

S & amp; P reaffirmed its view that the referendum on membership of the EU poses risks to the broader financial sector in Britain, its exports and the economy as a . set

“In the worst case scenario, a” Brexit “could also undermine the global reserve status changes from the book (…),” says S & amp; P

The agency added, however, anticipate an agreement between Britain and the rest of Europe during the first half of 2016 and a rejection of EU output by British voters.

S & amp; P, however, that the campaign for an EU output was better funded and organized than advocating maintaining

Regarding the economic outlook for the UK. , the rating agency expects a slight slowdown in growth, with gross domestic product (GDP) increased 2.3% per year on average over the period 2015-2018. (William Schomberg, Benoit Van Overstraeten for the French service)

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