[Berlin_Freeper]

Moody’s cuts British credit outlook after Brexit vote
http://www.straitstimes.com/business/companies-markets/moodys-cuts-british-credit-outlook-after-brexit-vote

[Rusty0604]

They should be cutting the EU outlook. Percentage wise, the FTSE had a smaller drop than the rest of the EU, last time I looked.

[mkjessup]

Moody’s cuts British credit outlook after Brexit vote

BFD. From Moody's page:

"The majority referendum vote in favour of the UK leaving the European Union – i.e., a “Brexit” – is credit negative for the UK because it triggers a prolonged period of uncertainty while the UK negotiates its withdrawal from the EU as well as a new trade agreement. Over this period, we expect this heightened uncertainty to weigh on the country’s economic growth, fiscal strength and the predictability of policy-making. However, the UK’s exit has a manageable effect on the EU as an issuer, whose own credit standing rests on the credit strength of the remaining highly rated member states..."

One can reasonably conclude that Moody's is in the tank for the EU, the only question is how much it cost to buy them off.