February 15, 2012

Moody's Issues Credit Warnings To 9 European Countries, Austria, France and U.K. Among Them

Britain's AAA credit rating was thrown into doubt after the ratings agency Moody's said the ongoing euro crisis and a credit squeeze on the banking sector put the country at a higher risk of defaulting on its debts.Moody's credit agency has cut the credit ratings of nine European countries including the U.K.