Asset Management

S&P issues disorderly Brexit warning to UK banks

Bank downgrades or outlook revisions could be triggered if the UK’s exit from Europe is chaotic, rating agency says

Thursday 10 January 2019 at 14:11

S&P issues disorderly Brexit warning to UK banks
Photo: iStockPhoto

S&P Global Ratings could reassess its guidance on UK banks if the country is forced into a disorderly exit from the European Union.

The warning comes less a week before prime minister Theresa May takes her divisive Brexit deal to a parliamentary vote.