British Flags and the EU
The rating agency Standard & amp; Poor’s (S & amp; P) downgraded the credit rating of the European Union. His decision to the agency explained the outcome of the referendum in the UK
S & amp; P June 30 announced that the credit rating of the European Union downgraded from AA + to AA due to the fact that the majority of participants of the referendum in the UK voted in favor of withdrawal from EU. In a document published by the Agency, it stated that the unity of the EU, which was previously regarded as a positive factor in determining the rankings, is now estimated to be a neutral factor. P indicated that the earlier scenario of further development of the EU provided that no country there will not go
In addition, output of the UK will inevitably require new complex negotiations on the budgetary financing and long-term planning, which will contribute to instability; S & amp experts. . This takes into account the fact that the United Kingdom has contributed a considerable share of the total budget (in this indicator, the country ranks third after Germany and France).
The agency points out that the forecast for further change in the rating is “stable” because even in the event of the UK from the EU budget commitments of the EU will remain at the current level. In addition, S & amp; P expects that the remaining 27 countries remain in the European Union
June 27 S & amp; P downgraded the credit rating of the UK immediately on two lines:. With the highest AAA to AA with a “negative” outlook. “Negative” forecast of the agency explains the increase in the risks for the economy and the budget, as well as the role of the British pound as an important reserve currency. In addition to the financial and economic challenges, S & amp; P notes and political: for example, the threat of a new referendum on Scottish independence. Most Scots, unlike the British, voted against leaving the EU.
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