Britain’s credit rating could be slashed below Austria and Finland’s if it leaves the European Union, Standard & Poor’s has warned.
Moritz Kraemer, the agency’s chief sovereign rating officer, said Britain would be stripped of its top AAA rating with a one-notch downgrade if it voted to leave the bloc, and possibly double that if relations between Britain and Brussels soured.
Not sure it matters for a technical point. Because on sovereign ratings, don’t people take a two out of three approach? Moody’s, Fitch and S&P?
Not sure where I’ve got this from but that’s what’s rolling around the back of my head. That it’s what is the modal rating of the three that counts, not what any one of them says?
Moody’s and Fitch, the other main rating agencies, stripped the UK of its top rating in 2013.
So it makes no difference?
Any finance experts want to chip in?