Saturday , June 12 2021

Standard & Poor & # 39; s warns that it may downgrade the credit rating of the United Kingdom



The Standard & Poor & # 39; s logo is in the Reuters archive.

LONDON (Reuters) – International and Poor's Standard on Thursday warned that it could reduce its credit rating for the UK again if the risk of a "disorganized" exit from the EU becomes clearer.

On Wednesday, the United Kingdom presented a draft agreement on BRICEST, which became increasingly confusing today, when the leading British negotiator resigned, saying that he could not support this plan.

Standard & Poor & # 39; s stated that the proposed plan had not yet influenced the credit rating of the United Kingdom, but he stressed that what will become the key will be what will happen from now on.

"We can lower ratings in a scenario where the risk of unregulated BRICST is more pronounced," the agency said in a short report.

He considered that the "unregulated" departure from the European Union either limited the entry of manufacturing and service sectors in the UK to major European markets or was subject to tariffs and trade barriers high enough to reduce their competitiveness.

Standard & Poor & # 39; s stated that the agreement would enable key sectors to maintain access to European markets without criminal tariffs, which could lead them to change their attitude from 'negative' to 'stable'.

Prepared by Wajdi Al-Alfi for the Arabic publication


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