Moody's warns on Germany AAA rating

Moody's has warned the outlook for Germany's AAA credit rating is negative, citing risks to the country from a possible Greek exit and wider eurozone troubles.

The eurozone's other top-rated economies, the Netherlands and Luxembourg, were also put on negative outlooks. France and Austria lost their AAA ratings earlier this year. A negative outlook from Moody's reflects a higher risk the actual rating will be cut at some point in the next two years. Moody's said there was an increased chance Greece could leave the eurozone, which "would set off a chain of financial sector shocks". It warned policymakers could only contain these shocks at a very high cost. "This burden will likely fall most heavily on more highly rated member states if the ...