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Councils face negative credit rating after Brexit

Four councils have had their credit rating outlooks downgraded from stable to negative in the wake of the UK’s referendum vote to leave the EU.

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By Dan Peters | 01 July 2016

Four councils have had their credit rating outlooks downgraded from stable to negative in the wake of the UK's referendum vote to leave the EU.

Ratings agency Moody's made the announcement about Cornwall Council, Guildford and Warrington BCs, and Lancashire CC after stripping Britain of its top credit grade.

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Dan Peters

Popular articles by Dan Peters

  1. Rayner: Prescott was an inspiration to me
  2. New anti-social behaviour powers planned for councils
  3. Commissioners not ruled out despite envoy appointment
  4. Woking's debt hits £2.1bn
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