Cameron WILL remain British PM despite Brexit vote
June 24, 2016 11:41
The good news; David Cameron will remain British PM after Brexit vote, says foreign minister.
However, a downgrade of Britain's AAA credit rating by Standard and Poor's (S&P) could come quickly after the vote in favour of leaving the European Union, S&P chief sovereign ratings officer Moritz Kraemer told German daily Bild.
The Standard & Poor's is an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P also gives a credit rating to countries.
Kraemer repeated that the political situation in Britain would become less predictable and rational, partly because there was no real post-Brexit plan, Bild reported.
Kraemer said in April that a leave vote would likely lead to a downgrade of Britain's rating, given the country's deep political, financial and trading ties in Europe.
However, a downgrade of Britain's AAA credit rating by Standard and Poor's (S&P) could come quickly after the vote in favour of leaving the European Union, S&P chief sovereign ratings officer Moritz Kraemer told German daily Bild.
The Standard & Poor's is an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P also gives a credit rating to countries.
Kraemer repeated that the political situation in Britain would become less predictable and rational, partly because there was no real post-Brexit plan, Bild reported.
Kraemer said in April that a leave vote would likely lead to a downgrade of Britain's rating, given the country's deep political, financial and trading ties in Europe.
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