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Moody’s: Acts on German bank ratings; most outlooks now stable

Moody’s: Acts on German bank ratings; most outlooks now stable

News
Sean Lee
05/06/2012 | 23:18 GMT
  • Long-term debt and deposit ratings cut by one notch for 6 groups
  • Moody’s cite increased risks of shocks from EZ debt crisis and limited loss-absorbtion capacity

(Reuters)

EUR/USD has dipped slightly on these headlines, down by only 10 pips.

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