Moody's lowers credit outlook for Germany
Updated: 2012-07-24 10:32
(Xinhua)
|
|||||||||||
NEW YORK - Moody's Investors Service on Monday lowered its credit outlook for Germany, the Netherlands and Luxembourg from stable to negative, warning that the three European countries could lose their top AAA ratings.
However, the rating agency affirmed Finland's AAA rating and stable outlook.
It said in a statement that all the four countries are adversely affected by the ongoing European debt crisis, but Finland maintained its top rating and stable outlook partly because of its small and domestically oriented banking system.
Moody's explained that the downgrading was based on the risk of Greece's exit from the eurozone, which would pose a "material threat" to the single currency.
Even if the Greeks decide to stay in the zone, the contingent liabilities taken on by the strongest eurozone countries are rising, said the statement.
Related Stories
Moody's downgrades ratings of 28 Spanish banks 2012-06-26 07:12
Slowdown lies ahead: Moody's 2012-04-27 11:55
Moody's revises up ROK's credit outlook to positive 2012-04-02 13:03
Moody's downgrades Greece to lowest rating 2012-03-03 08:49
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |