Bloomberg News

Euro Summit Not Enough to Help Region’s Ratings, Moody’s Says

December 12, 2011

Dec. 12 (Bloomberg) -- A European Union summit on the region’s debt crisis last week offered few new measures and doesn’t diminish the risk of credit-ranking revisions, Moody’s Investors Service said.

“In the absence of any decisive policy initiatives that stabilise credit market conditions effectively, our intention as announced in November is to revisit the level and dispersion of ratings during the first quarter of 2012,” Moody’s said in its Weekly Credit Outlook.

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

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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