Sunday, September 24, 2017

It's Okay, No One Understands

Moody's downgrades Britain debt rating on Brexit uncertainties

Moody's cut Britain's long-term credit rating Friday, citing economic uncertainty sparked by complex Brexit negotiations and the likelihood of weaker public finances. The ratings agency cut the debt grade one notch to Aa2 from Aa1 with a stable outlook, which reflects expectations Britain's debt will "continue to rise," and worries that whatever trade agreement is reached…