Moody´s Warns Austria of Another Downgrade

Businessn.a. ♦ Published: June 9, 2012; 13:55 ♦ (Vindobona)

The U.S. rating agency may downgrade European AAA-countries like Austria, Germany or France soon.

Moody´s Warns Austria of Another Downgrade / Picture: ©

In case of a Greek exit or capital injections for Spanish Banks, Moody´s will downgrade a number of Eurozone member states. The EU expects that Spanish banks may have a capital shortfall of up to € 100bn. But for the time being, the problems of the Spanish banking sector would be domestic problems.

At the moment, Germany, France, Finland, the Netherlands and Austria have an…

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