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Moody's Investors Service, the ratings agency, on Thursday reaffirmed Germany's triple-A credit rating, but with a negative outlook. The agency said that high productivity growth, moderate wages and global demand for German products will support the economy. However Moody's sees only 0.4 percent growth this year. The main reason for the negative outlook for the prized triple-A rating was the chance of disruption from the eurozone government debt crisis, including the chance that one of the member countries might leave the euro. A euro departure would likely spread financial turmoil as investors flee the departing country. A triple-A rating enables a country to borrow money at the lowest rates in the bond market, helping its government finances.
[Associated
Press;
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