Moody’s Investors Service changed the long-term rating outlooks of six German states to negative from stable, citing the close fiscal ties between the regions and the federal government, whose outlook was downgraded two days ago.
Six of Germany’s 16 states, or “Laender” in German - Bavaria, Baden-Wuerttemberg, Berlin, Brandenburg, Saxony-Anhalt and North Rhine-Westphalia - have “extremely strong financial and operational linkages” with the federal government, Moody’s said on its website. The “negative outlooks...
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