Britain's credit rating remains at risk of a further downgrade despite the ...
LONDON - Britain’s credit rating remains at risk of a further downgrade despite the extended deadline for its departure from the European Union, ratings agencies S&P Global Ratings and Fitch Ratings said on Friday.
British Prime Minister Theresa May secured the extension to the Brexit deadline earlier this month after failing to bridge the divide within her own Conservative Party over the terms of Britain’s departure from the EU. However, the ratings agency said it saw no easy end to the Brexit impasse in parliament, and even if Britain avoided a no-deal Brexit, its outlook was sobering.
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