BREAKING NEWS

BREAKING NEWS

Risk of disorderly Brexit 'remains high' - Moody's

Risk of disorderly Brexit 'remains high' - Moody's
@ Copyright :
TOBY MELVILLE(Reuters)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.