Belgium's Credit Rating Cut by Fitch as Budget Concerns Linger
Belgium 's sovereign credit was cut by Fitch Ratings, signaling an increase in uncertainty about the country's ability to rein in years of substantial debt accumulation.
The rating company lowered its assessment of Belgium to A+ from AA-, leaving it four notches under the top rating and bringing it one level below Moody's and two levels below S&P. The outlook was revised to stable.
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