// IP Marketing video - START// IP Marketing video - END

Moody's says Germany's AAA credit rating at risk

Moody's says Germany's AAA credit rating at risk

PanARMENIAN.Net - Credit ratings agency Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade, according to BBC News.

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.

The Netherlands and Luxembourg - both AAA rated economies - were also put on negative watch.

A negative outlook posting from Moody's, one of a handful of agencies that assess the creditworthiness of borrowers, reflects a higher risk that the actual rating will be cut at some point in the next two years.

France and Austria lost their AAA ratings earlier this year.

Moody's said there was an increased chance that Greece could leave the eurozone, which "would set off a chain of financial sector shocks".

It added that policymakers could only contain these shocks at a very high cost.

 Top stories
"There is ample proof that Monsanto's sprays have poisoned our environment contributing drastically to dying off of bees," Tankian said.
Armenia ranks 47 on the ease of doing business index against the 38 spot last year, the World Bank Group’s annual Doing Business report said.
Mountea, an Armenian company producing tea from the mountain herbs has begun to export its products to Russia.
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Partner news