FRANKFURT (MNI) – The Eurogroup reiterated on Tuesday its “strong
commitment” to ensuring the stability of the Eurozone, President
Jean-Claude Juncker said following Moody’s decision to revise the
outlook on the AAA sovereign ratings of three Eurozone states to
negative.
“We take note of the rating decision of Moody’s, which confirms the
very strong rating enjoyed by a number of euro area member states, as
supported by the sound fundamentals which these and other euro area
countries continue to enjoy,” Juncker said in a press release. “Against
this background, we reiterate our strong commitment to ensure the
stability of the euro area as a whole.”
Moody’s said late Monday it had lowered the outlook for Germany,
Netherlands and Luxembourg to negative from stable, citing “the rising
uncertainty regarding the outcome of the euro area debt crisis.” It
affirmed Finland’s Aaa stable rating.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —
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