Moody’s: UK election outcome will probably delay Brexit deal, a credit negative

The US-based ratings agency Moody's out with a note on the impact of the UK election outcome on the country’s credit ratings.

Key Points:

Inconclusive UK election outcome will complicate & probably delay Brexit negotiations, a credit negative

That's a credit negative

Expect fiscal risks to increase because budget consolidation will have a lower priority, also credit negative

Govt may now have to consider softer Brexit option, credit positive