NEW YORK Feb 5 Rating agency Fitch on Tuesday
cut the Netherlands' outlook to negative on a series of shocks
to the Dutch economy, including sagging home prices and nagging
worries about the country's banks.
Fitch also affirmed the AAA rating of the Netherlands.
The outlook revision from stable came as the Dutch housing
market saw a sharper correction than foreseen by the rating
agency, Fitch said in a statement.
Persistent banking system problems and public debt levels
higher than those among top-rated peers rounded out the agency's
"Fitch's affirmation of the Netherlands' 'AAA' sovereign
rating is underpinned by the country's flexible, diversified,
high-value-added and competitive economy as well as its current
account surpluses and positive net international investment
position," Fitch added.
The Netherlands is rated triple-A by both Moody's Investors
Service and Standard and Poor's, which also have negative
outlooks on the country.