Moody's report: "Non-financial corporates -- UK: Credit Trends - Strong liquidity and measured rate rises mitigate Brexit effect"
"UK economic growth will slow in 2018 due to Brexit uncertainty and weak productivity growth but we expect the effect on companies' credit quality to be cushioned by strong liquidity and low funding costs," said Colin Vittery, Vice President - Senior Credit Officer and the report's co-author. "Any tapering of quantitative easing by either the Bank of England or the European Central Bank is expected to be measured and will not have a material negative impact on credit markets in 2018."
I posted earlier on the UK and Brexit and what-have-you:
- UK consumer confidence survey (Jan) - fastest m/m increase in a year
- UK government's new analysis of the impact of Brexit on economy
- Brexit: UK PM May to reject EU transition offer
- Overnight Brexit - EU offer Britain membership benefits for 21 months
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