Home > Debt, Economy > Moody’s Changes Aaa-Rated Germany, Netherlands, Luxembourg Outlook To Negative

Moody’s Changes Aaa-Rated Germany, Netherlands, Luxembourg Outlook To Negative

“In a first for Moody’s, the rating agency, traditionally about a month after Egan Jones (whose rationale and burdensharing text was virtually copied by Moody’s: here and here), has decided to cut Europe’s untouchable core, while still at Aaa, to Outlook negative, in the process implicitly downgrading Germany, Netherlands and Luxembourg, and putting them in line with Austria and France which have been on a negative outlook since February 13, 2012.The only good news goes to Finland, whose outlook is kept at stable for one simple reason: the country’s attempts to collateralize its European bailout exposure, a move which will now be copied by all the suddenly more precarious core European countries. “

Via Zero Hedge

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Categories: Debt, Economy
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