S&P’s Kraemer: Any downgrade on UK unlikely to be ‘more than one notch’

Livesquawk reports comments from Moritz Kraemer, S&P Global Ratings chief sovereign ratings officer, noting that any downgrade on the UK’s credit rating is unlikely to be ‘more than one notch’.

Mr. Kraemer adds, “Breakdown in the UK Brexit talks is "absorbable" for the European Union ratings at current levels.