Moody's says Brexit will weigh on UK's economic and financial performance

US ratings agency out their thoughts on Brexit 24 June 2016

  • Brexit heralds a long period of uncertainty
  • heightened uncertainty will likely dent investment flows and confidence
  • credit negative
  • Brexit less of a credit concern for EU based issuers although political risk within EU could increase

Cautionary words, but only to be expected.

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