Monday September 28, 2020

Moody's downgrades EU debt rating

The European Union’s outlook was cut to negative by Moody’s Investors Service, reflecting the risks to Germany, France, Britain and the Netherlands that account for about 45 percent of the group’s budget revenue.

4th September, 2012
EU Commission HQ: Moody's cut EU debt rating

The European Union’s outlook was cut to negative by Moody’s Investors Service, reflecting the risks to Germany, France, Britain and the Netherlands that account for about 45 percent of the group’s budget revenue.

The ratings company lowered the outlook on the EU’s Aaa long-term bond rating from stable, according to a statement released in Frankfurt late yesterday.

The change “reflects the negative outlook on the Aaa ratings of...

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