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August 1, 2021
BUSINESS WORLD

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.

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