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European Corporate Credit Outlook Faces Fresh Headwinds Following Brexit

According to S&P Global Ratings, the UK's decision to leave the EU is likely to knock the European corporate sector out of the "sweet spot" it had been enjoying.

Political volatility, prolonged exit negotiations, weaker economic growth and diminished investment intentions suggest more difficult conditions for corporates in coming months.

The continued contraction in bond yields is adding to the intense pressure on corporate pension liabilities.

Read more in S&P Global Ratings' European Corporate Outlook for Q3 2016.