Fitch Ratings cut Britain's
credit rating on Monday and warned more downgrades could follow, joining
Standard & Poor's in judging that last week's vote to leave the European
Union will hurt the economy.
Fitch downgraded the United
Kingdom's sovereign rating to "AA" from "AA+" and said the
outlook was negative - meaning that it could further cut its judgment of the
country's creditworthiness.
Earlier on Monday, S&P
stripped Britain of its last remaining top-notch credit rating, slashing it by
two notches and similarly warning that more downgrades could follow.
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