The ratings in the UK have fallen because of Brexit

Рейтинги Великобритании обвалились из-за Brexit

Moody’s downgraded the UK from “Aa1” to “Aa2” from Brexit.

International rating Agency Moody’s lowered the sovereign ratings of the United Kingdom – long-term Issuer rating and the rating of unsecured debt is “Aa1” to “Aa2” because of the expected consequences of country’s withdrawal from the European Union.

The national debt will reach nearly 90% of the British GDP in the current year, the peak will probably be set in 2019 at 93% of GDP, according to a press release from the Agency.

Moody’s experts predict a continuation of the budget deficit the UK at the level of 3-3. 5% of GDP in the coming years, although the government plans to gradually reduce it to less than 1% of GDP in 2021-2022.

The growth of British GDP, according to Moody’s, will slow from 1.5 percent in 2017 up to 1% in 2018.

The Agency also downgraded the Bank of England from “Aa1” to “Aa2”.

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Earlier it was reported that after the British exit from the European Union, the EU budget will annually miss ten to 12 billion euros.

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