Moody's has revised credit outlook of Germany to negative, raising the possibility of the economic major losing its coveted 'Aaa' rating amid worsening European debt turmoil.
Moody's is reviewing its rating of state-run Life Insurance Corp of India (LIC), the country's largest portfolio investor, for possible downgrade over its high exposure to sovereign debt and lack of revenue sources outside of India.
Standard & Poor's cut its rating outlook for Italy to negative from stable, citing weak growth prospects and increased risks it would fail to slash its debt mountain.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.