Brexit is a 'credit negative', uncertainty for UK ratings, Moody's says


Moody's ratings agency said on Friday that Britain's vote to leave the European Union was "credit negative" for Britain's sovereign ratings and for other issuers in the country.

"This outcome heralds a prolonged period of policy uncertainty that will weigh on the UK's economic and financial performance," it said in a statement.

"Heightened uncertainty will likely dent investment flows and confidence, weighing on the UK's growth prospects - a credit negative for the UK sovereign and other UK debt issuers."

Moody's rates the UK one notch below triple-A with a stable outlook.