LOS ANGELES (MarketWatch) -- Standard & Poor's on Friday downgraded
its long-term sovereign credit rating on the Netherlands to AA+ from
AAA, citing growth concerns. S&P said the country's growth prospects
are weaker than it had previously anticipated. "We do not anticipate
that real economic output will surpass 2008 levels before 2017, and
believe that the strong contribution of net exports to growth has not
been enough to offset a weak domestic economy," S&P said in a
statement. The outlook is stable, reflecting the agency's view "that
risks stemming from low growth and
the related fiscal outturn are balanced against strong export
performance, a net creditor position, and high GDP per capita."
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