Brexit: UK loses its top AAA credit rating

The United Kingdom’s decision to walk out of the European Union has cost it its top investment rating as the credit rating agency Standard & Poor’s has lowered the AAA rating for the country as investment destination.

Standard & Poor’s said the referendum result to leave the European Union could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

File Photo: British PM David Cameron with wife Samantha after casting their vote.

File Photo: British PM David Cameron with wife Samantha after casting their vote.

Meanwhile, British Prime Minister David Cameron has said that the result of the European Union referendum must be respected.

Prime Minister David Cameron made the comments at his first parliamentary statement since losing the plebiscite.

Cameron however reiterated his call for Brexit itself not to start until his successor is put in place following his resignation.

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