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Moody's, a credit rating agency, said on Wednesday that the UK still faces significant exit uncertainty, which will drag down the country's economy for some time and have a negative impact on borrowers.
Colin Ellis, Moody's managing director in charge of credit strategy, said that the UK Parliament passed the proposal on Tuesday in the second reading vote of the brexit agreement, indicating that the possibility of brexit from the EU after reaching an agreement is higher than in recent times.
"Nevertheless, there is still a lot of uncertainty about the timing and final outcome of brexit, which is likely to affect UK spending, investment and hiring decisions for a period of time, which is obviously not good for credit," he added in a statement.
Lawmakers passed Prime Minister Johnson's brexit deal on Tuesday, but they also vetoed a timetable for the house of Commons to quickly review the legislation within three days.

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