NEW YORK — Germany can breathe a little easier over the Greek debt crisis.Standard & Poor’s affirmed the country’s AAA credit rating on Friday and called its outlook stable.”In our view, Germany has a highly diversified and competitive economy with a demonstrated ability to absorb large economic and financial shocks,” the Manhattan-based ratings agency said in a statement to The Huffington Post. By contrast, S&P downgraded Greece’s credit rating to CCC- late last month and said the country has a 50 percent chance of ditching the euro as a currency. Germany’s economy expanded by 1.6 percent last year, and S&P …read more
Source: The Huffington Post
