Moody's: European Union view to stable

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

The agency affirmed its Aaa/provisional Prime-1 ratings.

Moody's said the key drivers of the outlook change are the improvement in the creditworthiness of the EU's largest shareholders, which it depends on for additional support in high stress scenarios; and diminishing risks emanating from the euro area debt crisis, which alleviates pressure on asset quality.

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