HALISTER: Moody’s to Assess U.K. Election Impact, Sees Brexit Driving Path

Moody’s to Assess U.K. Election Impact, Sees Brexit Driving Path

(Bloomberg) -- The negative outlook on the U.K.’s sovereign rating indicates that its future path will be mainly driven by the outcome of Brexit negotiations, Moody’s lead U.K. sovereign analyst Kathrin Muehlbronner says in emailed comments.
  • Fiscal developments, given the U.K.’s “comparatively weak” public finances will also likely have an impact
  • Will assess implications of proposed election, including whether election proves to be a distraction from Brexit negotiations, given “limited time frame” available
  • NOTE: Nov. 2, Moody’s said the U.K.’s Aa1 sovereign rating would be downgraded if it was unable to conclude an agreement with the EU that protected core elements of its access to the single market

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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MCO US (Moody's Corp)

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Kathrin Muehlbronner (Moody's Investors Service Inc)

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