Moody's to cut Austria, Finland, France, Netherlands
Greece's exit from the Eurozone could trigger a next round of ratings downgrade, according to a credit-default swaps prices review provided by Moody’s Analytics.
In a reaction to the higher hedging tools demand, the CDS prices of Austria, Finland, France and Netherlands have almost doubled in the past year confirming the continuous five year contraction. The contracts on France reached 199 basis points compared to 90 points one year ago, Austria rose 105 points currently trading at 174, the Netherlands is 74 points higher on 114 and Finland increased 41 basic points and recently traded at 88.
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