Moody’s downgraded credit rating forecast for Germany…

Tuesday, 24 July 2012 03:47

Moody’s downgraded today the credit rating forecast of Germany, Netherlands and Luxembourg. Forecast has fallen from “stable” to “negative” because of the growing concerns about debt crisis in Europe
According to the Agency there is a high probability of Greece in the euro area, which will affect all the countries.
Moody’s also noted a high probability that support will need other euro area countries, mainly Spain and Italy.
Despite today’s rating forecast change Germany, Luxembourg and Netherlands still enjoy the highest Ass rating on bonds and loans.