Sunday, September 16, 2012

Moody's changed EU's rating forecast from "stable" to "negative"

International rating agency Moody's Investors Service confirmed European Union’s long-term rating on Aaa level, changing the rating outlook from "stable" to "negative". This information is included in the agency's report.
This decision reflects the current "negative" outlook on the ratings of EU member states, to which the main investment in the EU economy (45%) belongs: such countries are Germany, France, Great Britain and the Netherlands. The Agency believes that EU's credit rating should be changed.
Note, that on June 23 of 2012, Moody's experts changed Germany’s and the Netherlands’ credit rating outlook into “negative”. They explained this decision by the fact that their concerns regarding the increasing financial situation, the risk of Greece’ possible exit from the European zone and the Europe debt crisis, are growing.

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