S&P lowers outlook on European Union to negative from stable

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Baku, August 4, AZERTAC

Standard & Poor's Ratings Services has lowered its outlook on the European Union to negative from stable as it expects that the EU would provide first-loss guarantee support for financing connected to the Juncker investment plan.

The ratings service said the outlook also reflects further downward pressure on the average weighted rating on budgetary contributors to the EU.

With 26 offices around the world and a history that dates back more than 150 years, Standard & Poor's Ratings Services provides high-quality market intelligence in the form of credit ratings, research, and thought leadership.

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