S&P says Britain's 'AAA' credit rating untenable after Brexit vote - FT

Dawn breaks over London June 24, 2016. REUTERS/Toby Melville

LONDON (Reuters) - Ratings agency Standard and Poor's said Britain's top-notch "AAA" credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reported on Friday. "We think that a AAA-rating is untenable under the circumstances," Moritz Kraemer, chief ratings officer for S&P, told the FT. Rival ratings agencies Fitch and Moodys have already stripped Britain of their AAA ratings, long before the referendum campaign began. S&P has previously said its AAA rating for Britain reflected its assumption that the referendum would deliver a vote to remain in the EU. (Reporting by Andy Bruce; Editing by Ana Nicolaci da Costa)