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U.K. Stripped of Top Credit Grade After 'Brexit' Vote to Leave EU
Trader Jeffrey Lucchesi works on the floor of the New York Stock Exchange, Monday, June 27, 2016. Stocks are opening lower on Wall Street following bigger losses in Europe as investors continue to grapple with the fallout of Britain's vote to leave the European Union. (AP Photo/Richard Drew)

U.K. Stripped of Top Credit Grade After 'Brexit' Vote to Leave EU

LONDON (TheBlaze/AP) -- Ratings agency Standard & Poor's strips UK of top credit grade in wake of EU vote.

A poster featuring a Brexit vote ballot with "out" tagged is on display at a book shop window in Berlin on June 24, 2016.
Britain has voted to break out of the European Union, striking a thunderous blow against the bloc and spreading panic through world markets on June 24 as sterling collapsed to a 31-year low. (John MacDougall/AFP/Getty Images)

The ratings agency downgraded the European country's credit grade from AAA to AA after the historic vote, which sent global markets into a free fall on Friday.

British Pound Tumbles After Brexit | Graphiq

British Prime Minister David Cameron announced after the vote that he planned to resign his position.

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Jon Street

Jon Street

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