Standard & Poor's Global
Ratings said on Thursday it had cut its long-term credit rating on the European
Union to 'AA' from 'AA+' after the United Kingdom voted to leave the bloc.
"After the decision by
the UK electorate to leave the EU...we have reassessed our opinion of cohesion
within the EU, which we now consider to be a neutral rather than positive
rating factor," the agency said.
The UK voted to leave the
European Union last week, plunging global markets into turmoil.
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