Originally posted by GB9
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Moody’s has become the latest institution to give a thumbs down to the prospects for the UK’s banking system after the country voted to leave the EU, changing its outlook for the sector from stable to negative.
The credit rating agency also adopted a more pessimistic view on Britain’s main life insurers, including Standard Life and Legal & General, and several infrastructure and project finance issuers. The moves follow the agency’s decision to lower its outlook for the UK government after the Brexit result was announced on Friday.
The credit rating agency also adopted a more pessimistic view on Britain’s main life insurers, including Standard Life and Legal & General, and several infrastructure and project finance issuers. The moves follow the agency’s decision to lower its outlook for the UK government after the Brexit result was announced on Friday.
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