ABN AMRO downgraded from Aa2 to Aa3

Bernard Hickey reports:

Moody’s has downgraded ABN Amro’s rating to Aa2 from Aa3, citing worries about its move to Dutch government ownership and problems in Europe, Reuters reported briefly. We have more detail below. No wonder they have no interest in NZ anymore. Europe will be the place to watch for landmines in the global financial system over the next couple of months.