S&P: Britain's 'AAA' credit rating untenable after Brexit vote

Ratings agency Standard and Poor's said Britain's top-notch 'AAA' credit rating is no longer tenable after voters opted to leave the European Union, the Financial Times reports.

"We think that a AAA-rating is untenable under the circumstances," Moritz Kraemer, chief ratings officer for S&P, told the FT.

Rival ratings agencies Fitch and Moodys have already stripped Britain of their AAA ratings, long before the referendum campaign began.

Britain has voted to leave the European Union: according to official data, 51.9% of voters backed Brexit, while the turnout was 72.2%.In total, the referendum was attended by more than 33.5 million people.