Skip to comments.Rating agency Moody's CUTS British credit outlook to 'negative'
Posted on 06/25/2016 10:31:25 PM PDT by Enlightened1
Credit rating agency Moody's has lowered Britain's credit outlook to 'negative' from 'stable' in the wake of the country voting to leave the European Union.
Following the Brexit vote, it said Britain's economic growth will be weaker and warned the public finances will be weaker than previously forecast, meaning it will be harder to cut the deficit.
A negative outlook means there is a greater danger of a country being downgraded.
It is three years since Moody's cut Britain's AAA rating. It currently has the UK on AA+, the second highest rating.
It said: 'During the several years in which the UK will have to renegotiate its trade relations with the EU, Moody's expects heightened uncertainty, diminished confidence and lower spending and investment to result in weaker growth.
'Over the longer term, should the UK not be able to secure a favorable alternative trade arrangement with the EU and other countries, the UK's growth prospects would be materially weaker than currently expected.'
(Excerpt) Read more at dailymail.co.uk ...
Blackmail here. Plain and simple.
Moody’s, the good people who gave AAA ratings to all of those mortgage backed securities that crashed the world economy. And we pay attention to them why?
They must be punished.
They’re trying to create an outcome, as punishment.
The globull elitists taking their revenge......
Talk about Moody...
The Elites are taking this one really hard, aren’t they? We aren’t willingly following them to the slaughter. How dare we?
Dang! Is Moody’s in with the communists? Brexit was a slap at the global communists. I can’t think of any other reason for them to pull this BS.
May no arrow formed against BRITAIN prosper.
But, if you cease to believe in the myth, it no longer holds any power over you.
Moody’s/Globalists pulling out all of their stops.
I just youtubed ‘Brexit: The Film’.
They profiled Switzerland as the anti-EU model for the UK.
In a few years, UK’s ratings will rise to match Switzerland’s.
Take it to a Swiss bank.
They can appear as anything that placates you, so long as they remain in control, that is.
Moody’s chose ... Poorly.
Globalist blackmail bull sh@t.
Moody’s is globalist schlock propaganda. In the pay of oligarchs...
Moody's credibility should have been nil after that. They've clearly been catering more to political interests than economic.
These credit rating agencies were shown to be rating-for-hire prostitutes during the subprime mortgage debacle.
They have zero credibility.
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