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01.07.2016 06:25 The international Standard & Poor's rating agency downgraded the credit rating of the European Union

01.07.2016 06:25

The international Standard & Poor's rating agency downgraded the credit rating of the European Union

International rating Standard & Poor's downgraded the credit rating of EU by one notch to "AA", saying that Brexit has a negative impact on the budget flexibility, and reflects the loss of political solidarity.

The agency also said that in all scenarios, including in the event of failure of the UK to fulfill its budgetary obligations in the future, the rating will remain at the current level.

Earlier, Standard & Poor's confirmed the long-term sovereign credit rating of the US on "the AA " level, and the short-term credit rating at "A-1 ", outlook "stable". "This forecast is based on expectations that inherent in the US economic and political power will continue to compensate for the high levels of debt and a weak political cohesion" - say the agency.



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