Red Ice News

Dispelling the Mythmakers

Moody’s cuts EU outlook to ‘negative’
New to Red Ice? Start Here!

Moody’s cuts EU outlook to ‘negative’

Source: rt.com
Moody’s ratings agency has downgraded its outlook on the AAA rating of the European Union from ‘stable’ to ‘negative,’ linking the decision to a recent outlook downgrade of the bloc’s major economies.

"The negative outlook on the EU’s long-term ratings reflects the negative outlook on the Aaa ratings of the member states with large contributions to the EU budget: Germany, France, the UK and the Netherlands, which together account for around 45 per cent of the EU’s budget revenue," Moody’s said in a statement on Monday.

The agency also cut its outlook on the provisional (P)Aaa rating of the EU’s medium-term note (MTN) program from ‘stable’ to ‘negative.’

The outlook downgrade comes after the agency changed to negative its outlook for Germany and Holland’s Aaa ratings on July 23. Moody’s explained that it was reasonable to assume that the EU’s creditworthiness should move in line with the creditworthiness of its strongest key member states. The outlook on France and the UK are also negative.

Moody’s warned that it may downgrade the European Union’s rating if it decides to cut the ratings of Germany, France, the UK and the Netherlands.

The agency also added that the outlook for the EU could go back to ’stable’ if the outlooks on the four major European economies are first.

Article from: rt.com

Comments

Red Ice Radio

3Fourteen

Egalitarianism vs Aristocratic Values & Aspects of Fascism
Seth Cooper - Egalitarianism vs Aristocratic Values & Aspects of Fascism
Women on the Verge of Societal Breakdown
Piero San Giorgio - Women on the Verge of Societal Breakdown

TV

Mainstream Media Cover-up #PizzaGate as "Fake News" after Comet Ping Pong Shooting
Mainstream Media Cover-up #PizzaGate as "Fake News" after Comet Ping Pong Shooting
Italy Referendum Live Coverage
Italy Referendum Live Coverage

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy