6.9 C
March 23, 2023

Germany’s AAA credit rating under review by agency

Credit ratings agency Moody’s has warned the outlook for Germany’s AAA credit rating is negative, the first step towards a possible downgrade, bbc.co.uk reports. Moody’s said the country was at risk from the increased likelihood of a Greek exit from the euro and the need to provide more support to Spain. Concerns are growing that Spain will have to seek a full bailout.  Spain’s short-term borrowing costs rose on Tuesday at a government bond auction.

Related posts

President Basescu: If we keep borrowing for salaries and pensions, we’ll go bankrupt

Nine O' Clock

Porsche Finance Group Romania announces an increase of over 23% in the number of new contracts in 2016

Nine O' Clock

Italian coastguards find 25 bodies on refugee boat

Nine O' Clock