S&P warns Britain could lose AAA rating on Brexit fears

Fears over economic implications

Britain could be stripped of its triple A status by Standard & Poor's for the first time in 40 years if the country votes to leave the European Union.

Moritz Kraemer, the agency's chief sovereign rating officer, told Reuters the UK  could suffer a one-notch downgrade on Brexit fears, and even a two notch fall if this triggered a break from Scotland. "Should we conclude that departure from the EU is likely over the medium term, we could lower the rating by potentially more than one notch, depending on the circumstances, such as the expected future relations with the EU," he said. "It is one thing to leave the EU, but if the country gets divvied up further, then that is another layer of complication and problems." The ratings agenc...