14 February 2012 11:01 [Source: ICIS news]
LONDON (ICIS)--Moody’s Investors Service has placed ?xml:namespace>
The negative outlook implies there is a greater chance of a credit rating downgrade in the next 18 months.
“The negative outlooks reflect the presence of a number of specific credit pressures that would exacerbate the susceptibility of these sovereigns’ balance sheets, and of their ongoing austerity programmes, to any further deterioration in European economic conditions and financial landscape,” Moody’s said.
Moody’s also downgraded the credit ratings of
The sharpest downgrade was given to
The agency said the impact of factors, including the uncertainty over the eurozone’s prospects for institutional reform and
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