Moody's: UK firms’ credit quality to remain stable in 2018 despite Brexit jitters

The US-based ratings agency, Moody’s Investors Service, is out with the latest report on "Non-financial corporates -- UK: Credit Trends - Strong liquidity and measured rate rises mitigate Brexit effect".

Colin Vittery, Vice President - Senior Credit Officer and the report's co-author, noted: "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."

"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," added Vittery.