Berlin: Moody's has revised credit outlook of Germany to negative, raising the possibility of the economic major losing its coveted 'AAA' rating amid worsening European debt turmoil.
Germany becomes the latest European economic power house this year after France to see its credit outlook being downgraded by the global credit rating agency.
The credit rating outlook of Germany, Luxembourg and the Netherlands have been lowered to negative, Moody's Investors Service said on Monday.
The agency noted that rising uncertainty over European debt crisis and increased likelihood of Greece's exit from the euro currency, have raised the risks to these three economies....more
05:42 PM, Jul 24, 2012