Friday, June 24, 2016

Fitch: Brexit Result Broadly Credit Negative for Most UK Sectors

(The following statement was released by the rating agency)

LONDON, June 24 (Fitch) The "Leave" result in the UK referendum

on membership of

the European Union is credit negative for most sectors in the

UK, due to weaker

medium-term growth and investment prospects and uncertainty

about future trade

arrangements, Fitch Ratings says.

Brexit will be moderately credit negative for the UK sovereign

and as we have

previously stated we will review the sovereign rating shortly.

Any negative

soverei

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