Moody’s could revise UK outlook to negative in case of Brexit

Ratings agency warned again today that it could revise UK’s outlook to negative if the country decided to exit the European Union.

Moody’s said, “The ‘economic costs’ of a decision to leave the EU would ‘outweigh the economic benefits’”, and said that it would consider “reflecting those threats to the UK’s credit standing by assigning a negative outlook to the sovereign’s Aa1 rating following a vote to exit.”

Back in April 2015, Moody’s had warned Brexit is a bigger threat to UK credit rating than 2015 General Election.