U.K. rating cut by Moody’s on softer economic growth, an erosion of fiscal strength & weakenin

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U.K. rating cut by Moody’s on softer economic growth, an erosion of fiscal strength & weakening in institutions & governance around #Brexit. The markets are not so pessimistic about UK. Cost of insuring against default (CDS price) has been stable recently. h/t Holger Zschaepitz

U.K. rating cut by Moody’s on softer economic growth, an erosion of fiscal strength & weakenin

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