FAST FIVE: Moodys Downgrades UK Outlook To Negative On "Brexit Paralysis"

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UK institutions have weakened as they have struggled to cope with the magnitude of policy challenges that they currently face, including those that relate to fiscal policy.

In Moody's view, adverse fiscal outcomes would have the most impact, followed by a reduction in growth.

Environmental considerations are not currently material to the rating.

This would be particularly negative for the UK's credit quality if, in our view, that reflected a continued overall erosion in the coherence and predictability of UK policymaking.

Structurally weaker economic fundamentals would also undermine the UK's credit profile.

Categories: ZH