Dutch credit rating lowered by small agency
Tuesday 10 July 2012
The small American credit rating agency Egan-Jones has lowered the Netherlands' credit status from AA-minus to A because of the continuing debt crisis in Europe and the higher monetary burden the country is carrying.
Egan-Jones says north European countries will have to absorb the cost of loans to eurozone countries because the longer the crisis continues, the less likely it is that these loans will be paid back, news agency ANP reports.
The three main credit rating agencies, Moody's, Standard & Poor's and Fitch, still have the Netherlands on a triple-A rating. Moody's and Fitch say expectations for the Dutch economy are stable, while S&P says they are negative.