May 24, 2013
Moody's: Germany, Netherlands, Luxembourg's ratings under threat
Credit ratings agency Moody's warned that Germany, Netherlands and Luxembourg were put on negative outlooks and could lead to a downgrade of their ratings.
The agency indicated that these countries, all of them with top-rated economies, are under threat due to the current situation of the eurozone, which includes a possible Greek exit from the euro.
A communiqué stated that "the increasing likelihood that Greece could withdraw from the group of countries that use the euro currency deepens the crisis."
The debt of Germany, Netherlands and Luxembourg has a Aaa rating, which reflects the confidence of the investors over those countries.
In mid July, Moody's downgraded Italy's debt from A3 to Baa2, and had already warned about a "contagious" effect of the eurozone crisis.