S&P strips UK of last top-notch credit rating after Brexit vote

By Andy Bruce LONDON (Reuters) - Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Union last week. S&P's move was a fresh blow to Britain's economic standing after the referendum. S&P said it was the first time it had chopped an AAA-rated sovereign credit rating by two notches in one go.