Saturday, March 8, 2014 - 11:21
NL's triple-A rating "stable": Moody's
Investment rating agency Moody’s released positive statements about the Netherlands, suggesting the firm will reaffirm its triple-A rating of the nation. Analysts pointed to healthier finances in the kingdom, and reduced investment risk there. Government bonds in the Netherlands have an improved stable outlook, up from the negative rating the bonds previously held. Moody’s says the Netherlands is in better overall shape because household debt is dropping, economic growth is apparent, and housing prices are falling at a slower rate than earlier. Improvements amongst weaker Eurozone countries has also reduced Dutch risk, analysts say. The improved outlook matches recent statements by the investment analyst firm about triple-A rated nations Austria, Germany and Luxembourg. Belgium was also praised for being in better position to handle liabilities in the banking industry, while the government’s debt will likely be reduced.