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.
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