Royal Dutch Shell Plc  .com Rotating Header Image

Standard & Poor’s cuts EU credit rating after British vote to leave

Screen Shot 2016-07-01 at 07.23.42

Standard & Poor’s cuts EU credit rating after British vote to leave

Phillip Inman Economics correspondent: Thursday 30 June 2016 19.34 BST

The European Union has suffered a downgrade of its long-term credit rating following the UK’s Brexit vote last week. In a move that will increase the borrowing costs for the 28-member bloc, the credit ratings agency S&P said the EU should see its status as a safe haven for investors reduced to AA from AA+.

Earlier this week S&P became the last of the three major ratings agencies to strip the UK of its last AAA rating

FULL ARTICLE

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

0 Comments on “Standard & Poor’s cuts EU credit rating after British vote to leave”

Leave a Comment

%d bloggers like this: