
Ratings agency Standard & Poor's warned Friday that the risk of Britain leaving the European Union could affect its triple-A ranking.
S&P, the only major ratings agency to rate Britain as AAA, maintained the ranking with a negative outlook due to uncertainties over a coming referendum on Britain's EU membership.
It came shortly after the International Monetary Fund warned that uncertainty over a so-called "Brexit" could hurt its economy.
"In our opinion, the possibility that the UK could leave the European Union (EU) as a consequence of a planned 'leave or remain' referendum... represents a risk to the UK economy," S&P said in a statement.
British Prime Minister David Cameron has promised to hold a referendum before the end of 2017, while renegotiating the terms of Britain's membership in the meantime.
Most opinion polls show greater support for remaining within the 28-member bloc among the British public, though the pro-EU lead has been narrowing.
If Britain were to leave the EU, S&P warned that London would lose its ability to influence EU policies on financial services, put at risk financing services for its public deficit, and in a worse case scenario "harm sterling's role as a global reserve currency".
Nevertheless, the ratings agency noted that it believed the most likely outcome would be that Britain would vote to remain within the EU.
Ratings agency Fitch also said on Friday that it believed it was most likely Britain would remain in the EU, saying its outlook was "stable".
It said a vote to leave the EU would be a "moderately negative credit development" and risk "triggering a second referendum on Scottish independence" following a plebiscite held in 2014.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor