Moody's: European Union negative

Moody's Investors Service said it changed the outlook on the Aaa long-term issuer rating of the European Union to negative from stable.

Moody's also changed the outlook on the provisional Aaa rating of the European Union's medium-term note program to negative from stable.

Moody's said the outlook change reflects the negative outlooks now assigned to the Aaa sovereign ratings of key contributors to the European Union budget: Germany, France, the UK and the Netherlands, which together account for around 45% of the European Union's budget revenue.

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