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Re: Brexit: Article 50 Has Been Triggered !
Quote:
An acrimonious Brexit, in which Britain declines to honour its existing financial obligations could put pressure on the European Union's 'double A' rating, S&P Global said on Monday.
Having recently triggered the EU exit process, Britain's government is facing a request from the European Commission to honour its existing financial obligations, which reportedly could reach 60 billion euros.
S&P said the claims were unlikely to be legally enforceable however, and that the EU's rating could suffer if the UK didn't stump up the money.
"The European Union (AA-Stable/A-1+) ratings could come under pressure in an adverse scenario," S&P said.
"This is because our ratings on the EU are to a certain extent predicated on our expectation that the UK would honour its share of financial obligations to the EU."
It said a non-payment of obligations would not constitute a default by Britain.
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Reuters
More bargaining power. 
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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