(Source: Info-Prod Research (Middle East))
Moody's Investors Service has today withdrawn all of its country ceilings for Estonia following the country's adoption of the euro currency on 1 January 2011. This action is in line with Moody's past practice for countries that have joined the Eurozone. In Moody's opinion, the negligible risk of a moratorium now being imposed in Estonia, as in other Eurozone members, is reflected by the Eurozone's regional Aaa ceilings for bonds and bank deposits.
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Moody's Withdraws Country Ceilings on Euro Adoption