LONDON (Reuters) – Britain remains at high risk of leaving the European Union in a disruptive manner that damages the economy, following a series of parliamentary votes on Tuesday on Prime Minister Theresa May’s Brexit plans, credit ratings agency Moody’s said.
“The immediate impact … is to prolong the uncertainty about the future direction of Brexit,” Moody’s analyst Colin Ellis said in a note to clients.
“The risk of a disorderly no-deal Brexit in particular remains high, and such an outcome would have significant negative credit consequences for a range of issuers,” he added.
Last week, Moody’s said a no-deal Brexit would represent a profound failure of Britain’s political institutions.
(Reporting by David Milliken; editing by Stephen Addison)