Moody’s cuts five Dutch banks, warns on Greece
REUTERS – Moody’s Investors Service said on Friday it had downgraded five Dutch banks, four of them by two notches, and warned a Greek exit of the euro would see further cuts, kicking off a long-awaited round of downgrades for major European institutions. Moody’s set a stable outlook to the ratings for four of the groups but kept a negative outlook for ING Bank, meaning it could cut it again. The downgrades will only add to pressure on European leaders to sort out the region’s debt crisis, with a real test to the union coming this weekend as Greeks go to the polls. . . .
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