Moody’s downgrades ratings of 5 Dutch banks

Published June 15, 2012 11:00am ET



AMSTERDAM (AP) — Credit ratings agency Moody’s has cut its score for a raft of European banks, citing the effects of the European debt crisis.

Five Dutch lenders, including ING Groep NV and state-owned ABN Amro NV were downgraded on Friday due to the effects of the weak Dutch economy and falling house prices.

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