The decision was motivated by the ongoing Greek debt crisis, combined with growing fears that the United Kingdom could vote to leave the European Union, says the agency’s report. The decision means the US ratings agency could lower its grade of the European Union in the next couple of years. They say in the Standard&Poor’s that the EU’s repeated use of its balance sheet to provide higher-risk financing to EU member states (most recently including Greece), without the member states’ paying in capital was one reason behind the revised outlook. casinoin.
According to the U.S. TV Channel CNBC, the international rating agency Standard&Poor’s revised its outlook on the European Union credit rating from ‘stable’ to ‘negative’.