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The credit of British companies is declining in quality and austerity and Brexit are largely to blame

The credit of British companies is declining in quality and austerity and Brexit are largely to blame

February 21, 2019

The credit of British companies is declining in quality and austerity and Brexit are largely to blame, according to David Carruthers, the head of research at Credit Benchmark, a firm which tracks corporate debt.

The weakness of the pound — which has declined 10% since the month of Britain’s fateful referendum decision to leave the EU — hasn’t helped either, he says.

By contrast, the credit of European and US companies has largely held up, his analysis shows.

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