SAN FRANCISCO (MarketWatch)
Moody's Investors Service said late Friday it may downgrade Belgium's local and foreign currency government bond ratings on increased sovereign debt risk in Europe.
The ratings agency has a Aa1 rating on Belgium.
Moody's cited fragile market sentiment for euro-zone sovereigns, challenges to the banking system, and the increased likelihood for government support for such banks as French-Belgian bank Dexia SA as factors for placing the country's rating on review for a possible downgrade.
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