Netherlands loses 'AAA' rating, S&P downgrades to 'AA+'

GMT 07:57 2013 Friday ,29 November

Arab Today, arab today Netherlands loses \'AAA\' rating, S&P downgrades to \'AA+\'

Arab Today

The Netherlands on Friday lost its coveted "AAA" rating as Standard and Poor agency downgraded the country's rating to "AA+", citing weakening growth prospects. "The downgrade reflects our opinion that The Netherlands' growth prospects are now weaker than we had previously anticipated," S&P wrote in a statement. The "real GDP (gross domestic product) per capita trend growth rate is persistently lower than that of peers in similarly high levels of economic development."

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