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Moody's has lowered its outlook on Germany, The Netherlands, and Luxembourg to Negative, while...

Moody's has lowered its outlook on Germany, The Netherlands, and Luxembourg to Negative, while affirming Finland's Stable outlook and AAA credit rating. The ratings agency cites the usual fears related to the eurozone's debt crisis, along with the "increasing likelihood that greater collective support" will be needed for Spain and Italy. Moody's downgraded Italy's rating by two notches earlier this month, and subsequently downgraded 10 Italian banks.
Comments (4)
  • Bear Bait
    , contributor
    Comments (673) | Send Message
     
    looks like the old stitch in timeSaves nine. Europe should have fixed
    the crisis right the first time
    23 Jul 2012, 09:00 PM Reply Like
  • Richard93
    , contributor
    Comments (817) | Send Message
     
    Also the Solar line up it is the real trouble it can cause tidal changes and I assume earthquakes. the Mayan Prophecy is garbage but people will make $$$$$$$$ off it.
    24 Jul 2012, 03:42 AM Reply Like
  • Perry D.
    , contributor
    Comments (111) | Send Message
     
    The credit rating agencies are always behind the curve. German and French credit-default swaps have been inching up for some time.

     

    It's game over for Europe, absent significant belt-tightening in the periphery beyond anything we've seen thus far. If they can see things through to other size, the Continent will emerge as much more globally competitive and far ahead of the US on the economic reform curve.
    24 Jul 2012, 05:32 AM Reply Like
  • whiff
    , contributor
    Comments (699) | Send Message
     
    All these countries need to get into the sub-prime mortgage and asset-backed markets - instant AAA from our friends at Moody's ...
    24 Jul 2012, 06:51 AM Reply Like
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