Bloomberg News

Europe Debt Plan Negative for Region’s Aaa Nations, Moody’s Says

October 31, 2011

Oct. 31 (Bloomberg) -- Europe’s plan to solve the euro area’s debt crisis is “negative” for the region’s Aaa-rated nations, Moody’s Investors Service said in its Weekly Credit Outlook.

“The prospect of additional mutual support implies a greater risk to creditors of the countries that ultimately provide support,” the ratings company said.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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