Baku. 28 June. REPORT.AZ/ Standard & Poor's international rating agency downgraded the credit rating of the UK of its triple A grade investment rating down to AA.
Report informs referring to the Euronews, S & P was quick to react on results of the referendum, where the British were in favor of withdrawal from the EU.
As the agency says in a statement, "the downgrade reflects our view that in case of the UK withdrawal from the European Union, it may have a negative impact on the economy as a whole, as well as growth of GDP and the country's budget balance".
Notably, earlier GBP reduced against the US-dollar by almost 10% and fell to a 30-year low.