Thursday, June 7, 2012

Moody's cuts German, Austrian banks on euro risks

Jun 6, 2012 by Euronews

http://www.euronews.com/ Moody's has cut the ratings of six German banking groups and Austria's three largest banks.

While noting the relative strength of the German and Austrian economies, the credit rating agency said this was because those banks face risks if the eurozone crisis deepens.

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