An analyst at credit rating agency Fitch has warned the
Netherlands risks a potential "negative rating action" due to a rise
in the country's debt, the Daily Telegraph reported late on Wednesday.
"The Dutch are on the edge of a negative rating
action," the British paper quoted Fitch analyst Chris Pryce, the rating
agency's expert on the Netherlands, as saying.
Rating agency Standard & Poor's warned in January the
Netherlands could lose its top-ranking AAA credit rating this year or next if
public finances strayed too far from the deficit-reduction target.
The Dutch minority government and its political ally, the
Freedom Party of anti-Islam politician Geert Wilders, have been in talks for
more than six weeks on how to cut the deficit by an estimated additional 1.6
percent of economic output to bring it under the European Union's 3 percent
ceiling in 2013….
Read all about it at http://www.cnbc.com/id/47096652
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