English | دری

EU rating outlook lowered to negative

in International Business

EU rating outlook lowered to negative

Moody’s has lowered its outlook for the European Union’s triple A rating outlook to “negative” due to weakening creditworthiness of the bloc’s biggest members.

Earlier this year, Moody’s put ratings of Germany, France, Netherlands and the UK on a negative outlook.

The rating agency is concerned that the the AAA-rated member states were more likely to service their own debt obligations rather than “prioritise their commitment to backstop the EU debt obligations”.

In an accompanying statement Moody’s said on Tuesday that it was “reasonable to assume that the EU’s creditworthiness should move in line with the creditworthiness of its strongest key member states”.


Tags assigned to this article:
EU rating outlook lowered to negativeMoody's

Related Articles

Sony and Panasonic ratings cut to the junk status level

The Fitch ratings agency has cut the ratings of the tech firms Sony and Panasonic to the level of junk

Japan’s deflation on the rise

Japan has reported a fall in consumer prices for a third consecutive month, falling 0.2% in January from a year

Japan's weak yen increasing import costs

In a bid to revive the country’s economy, Japanese policymakers are sticking to a weak yen in the short term

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.