Moody’s cuts EU outlook to ‘negative’
2012-09-05 0:00

From: RT.com

Moody’s ratings agency has downgraded its outlook on the AAA rating of the European Union from ‘stable’ to ‘negative,’ linking the decision to a recent outlook downgrade of the bloc’s major economies.

"The negative outlook on the EU’s long-term ratings reflects the negative outlook on the Aaa ratings of the member states with large contributions to the EU budget: Germany, France, the UK and the Netherlands, which together account for around 45 per cent of the EU’s budget revenue," Moody’s said in a statement on Monday.

The agency also cut its outlook on the provisional (P)Aaa rating of the EU’s medium-term note (MTN) program from ‘stable’ to ‘negative.’

The outlook downgrade comes after the agency changed to negative its outlook for Germany and Holland’s Aaa ratings on July 23. Moody’s explained that it was reasonable to assume that the EU’s creditworthiness should move in line with the creditworthiness of its strongest key member states. The outlook on France and the UK are also negative.

Moody’s warned that it may downgrade the European Union’s rating if it decides to cut the ratings of Germany, France, the UK and the Netherlands.

The agency also added that the outlook for the EU could go back to ’stable’ if the outlooks on the four major European economies are first.


Article from: rt.com





Related Articles


Latest News from our Front Page

Unique historic color video shows Berlin in July 1945
2015-05-06 5:38
New footage has emerged of Berlin in the aftermath of World War II. The video, filmed in July 1945, shows famous landmarks like the Brandenburg Gate and the Reichstag in ruins as ordinary citizens try to go about their everyday lives. The video, shot around two months after the city fell in 1945, shows the utter destruction the German capital underwent ...
Universities Don't Understand Safe Spaces
2015-05-06 1:07
Youtube description: Apparently people don't understand why allowing people to grow up in a perpetual hug box is bad for them. This article's writer does give me some faith in humanity though. Source: youtube.com
#TexasAttack What You Are Not Being Told!
2015-05-06 1:45
A video giving us a clearer picture of what's really going on behind the recent attack in Texas, Garland. Source: youtube.com
DHS is working on an RFID biometric ID badge that knows when you go to the bathroom
2015-05-06 1:16
A Southern Connecticut State University student named Steve Abbagnaro of Durham is developing technology for DHS through his company, Queralt Inc. "Started in January 2011 with private funding from the Department of Homeland Security, a multi-national industrial gas company and private shareholders, Queralt has grown from developing elementary sensor solutions to offering the leading cloud-based platform for powering intelligent real-time actions based ...
Sweden's solution to Mediterranean deaths
2015-05-06 0:39
This scene is from the Balkan wars of the 1990s. A summer’s breeze compared to what is now coming from Africa. Imagine a Danish person who is unhappy with his current life. Then he hears about Canada being this swell place to live. So he sets out in a rowboat from the Danish coast to start a new life. To everyone’s ...
More News »