Moody’s downgrades Britain’s debt ratings on Brexit damage

Moody's has downgraded the UK's debt ratings due to weak growth prospects exacerbated by Brexit. – EPA pic, October 17, 2020.

MOODY’S yesterday 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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