Brexit: Standard and Poor’s rating degrades the European Union – The Express

First warning shot of a rating agency after a British referendum on Brexit. Standard and Poor’s downgraded the long-term debt rating of the European Union from AA + to AA. She believes that with the risk of Brexit, the European Union has lost cohesion, and that it is not “so sure” for investors who lend him money.

“We have reassessed our analysis on EU cohesion”

“After the decision of the British voters to leave the EU after the referendum June 23, we reassessed our analysis on cohesion within the EU, we now consider as neutral rather than positive in the rating “of this set, simply indicates the agency in a statement.

This decision therefore augurs a rise in long-term interest rates. A challenge for the European Central Bank which does everything to keep to the lowest in more than a year to boost growth. Its president Mario Draghi fear a negative impact of 0.5% on GDP in the euro area for the next three years, according to Les Echos .

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