Belgium Gets Cut by Moody’s in Reproof at Failure to Cut Debt

Belgium was lowered one step by Moody’s, underscoring how the struggle to cut one of the biggest budget deficits in Europe is besmirching the country’s status as a borrower.

The rating is now assessed at A1, six notches above junk, with a stable outlook, the company said on Friday. That’s an equivalent score to that of Fitch Ratings, which already lowered Belgium last year.