Moody’s says that Brexit will weigh heavily on the country rating

The Brexit is a negative event for the merit of Britain's credit, Moody's says. The decision to leave the EU will lead to a prolonged period of uncertainty that will weigh on the economic and financial center of Britain.

The increased uncertainty in negotiations on new agreements EU-UK will likely reduce the flow of investment and confidence of businesses and consumers in the UK. Moody's adds that the lasting impact of the vote for the exit will depend on the nature of the new EU-Britain ties.