S&P cuts UK´s sovereign credit rating to AA from AAA

S&P cuts United Kingdom`s sovereign credit rating to AA with negative outlook . The agency referred to the outcome of the EU referendum held last Thursday in the country. According to the S&P the result of the Brexit vote will have further negative impact on the stability and predictability of policy making in the UK. The agency mentioned also concerns that the narrow win of the Brexit camp will cause "wider constitutional issues for the country as a whole."