Moodys EU ratingThe credit rating agency Moody’s confirmed its maximum grade “AAA” of the European Union and raised its perspectives from “negative” to “stable”, due to the reduction of financial risks in the Eurozone. The US agency for financial assessment indicates with this decision that the possibility to lower the credit rating of the European Union in medium term

    Moody’s stated that the risks associated with the debt crisis in the Eurozone decreased, which reduces the pressure on the asset quality in the region and on the solvency of the entire union.

    With the help of the International Monetary Fund, the European Union was forced to help a number of Eurozone countries (Greece, Ireland, Portugal), releasing them billions of EUR to save them from bankruptcy and their financial systems.

    Moody’s argued this decision with the improved solvency of the major EU countries, which participated in these financial bailouts.