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expectation that the UK would honor its share of financial obligations to the EU,” S&P said in a report seen by the Telegraph.
EU officials are not only demanding Britain pay €60 billion as it quits the bloc but insist a settlement of the issue should be reached before any other stages of Brexit negotiations can start.
The so-called divorce bill is aimed at covering the costs of significant pension contributions and financial liabilities, according to Brussels.
The warning issued by the agency will reportedly make the EU even more steadfast when it comes to the matter, as it reveals the risks the bloc may face in case of a hard Brexit.
The EU has an AA credit rating, the second highest awarded by S&P. Previously the EU enjoyed the highest AAA rating but was downgraded shortly after the results of the UK referendum.