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Tuesday, May 18, 2021

Moody's downgrades Britain's debt ratings to Aa3 on Brexit damage

Moody's downgrades Britain's debt ratings to Aa3 on Brexit damage

Moody’s on Friday cut the rating on Britain’s debt a notch to Aa3, citing a weakening economy "exacerbated" by Brexit. "The UK’s economic strength has diminished since we downgraded the rating to Aa2 in September 2017," Moody’s said in a statement.
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Oh ya 211 days ago
Would love to see what Egan Jones rates the country at. They are the only true honest rating company out there as they dont take money from countries they rate. They downgraded the USA a few yrs back and the goverment banned them from rating the country again. I guess the USA did not want to hear the truth because a bad rating affects the interest you pay on borrowed money and God knows the USA lives on borrowed money
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