Fragile nations worry Moodys

Jordan News.Net
Monday 15th March, 2010

A report from Moody's Investors Service has warned
that the global economic recovery remains fragile, even in some of the largest economies.

Moody's has said many of the countries which implemented the most aggressive expansionary fiscal and monetary policies might still be at risk if they don't get their exit strategies right.

The Sovereign Risk Group of Moody's has claimed that countries could see their credit becoming vulnerable without the right plans.

The credit ratings agency said the world's four largest AAA-rated sovereign nations are currently well positioned despite their stretched finances.

The AAA sovereign nations are Germany, France, the UK and the US.

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