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Russian official says UK may lose top credit rating

June 24, 2016, 21:55 UTC+3 MOSCOW
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MOSCOW, June 24. /TASS/. Brexit may contribute to United Kingdom’s loss of the top credit rating, Chief Executive of the Russian Analytical Credit Agency (ACRA) Ekaterina Trofimova said on Friday on the air with the Rossiya 24 TV Channel.

"I think this scenario is quite possible but then it would be strange not to use the same approach when assessing the risk level of the European Union," Trofimova said. The economic effect of Brexit is not definitively negative either for the EU or for the United Kingdom, she added.

Brexit may facilitate reforms in the EU "that were not actually implemented in recent years," Trofimova said. Deep economic ties between the continental Europe and the UK will limit the disintegration process, she said.

"Consequences would be rather painful from both sides. Therefore they will never be able completely part ways," Trofimova added.

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