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Moody's raised Germany's outlook

Moody's rating agency raised its outlook for the German rating to “stable” from “negative” on Friday, citing the lowered risk that Berlin would be called on to support weak eurozone economies.

Moody's economists believe that progress in building the European Union's institutional barriers to crisis contagion means there is less danger that Germany will have to lead further bailouts of other eurozone countries. In addition, they add the narrowing of Germany's fiscal deficit is also contributing to the strengthening of its tripple "A" rating.

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