Moody's Investors Service in Germany, the Netherlands and Luxembourg AAA rating outlook lowered to negative from stable on the grounds that the European debt crisis triggered by the heightened uncertainty.
In addition, Moody's also confirmed Finland's AAA rating and stable rating outlook. The agency said, has net assets of the banking system smaller and the main domestic operations, limited the exposure of Finland in the euro area, which makes the strong resilience of the country's debt crisis for Europe.
Made the rating action, Moody's said, because of Greece's exit from the euro and increased risk, the possibility of rise of other euro area countries in need of assistance, and economic stagnation.
Increase the likelihood of Greece out of the euro will be the euro constitutes a major threat, and may lead to a series of financial market turmoil, Moody's said. Even if Greece does not exit the euro area, the debt will be borne by the euro area stronger member countries increased with the decision-makers to move towards crisis response initiatives. This approach not only to stabilize the situation, it may lead to a series of market volatility, Moody's said.
In addition, Spain and Italy macroeconomic and financing environment continues to deteriorate, the two countries to increase the possibility of the need for external assistance. Moody's pointed out that if the euro area to the existing mode of subsisting, then the burden on Member States with higher ratings may be the greatest.
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