Moody's Downgrades European Union To Outlook Negative

ZeroHedge:

Moody's believes that it is reasonable to assume that the EU's creditworthiness should move in line with the creditworthiness of its strongest key member states considering  the significant linkages between member states and the EU, and the likelihood that the large Aaa-rated member states would likely not  prioritize their commitment to backstop the EU debt obligations over servicing their own debt obligations.