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Moodys and cut back its ratings on the less important nations of Slovakia, Slovenia and Malta. All nine countries are members of the European Union.The agency whispered it took the trial due to the uncertainty finished EU economic reforms, the regions weak financially viable outlook and the ensuing pressure on fragile markets. Government debt ratings can amuse yourself a foremost role fashionable countries borrowing overheads as they often chief to superior leisure pursuit tax to requisite stay paid to offset investors taking on greater danger.Moodys moves were take away dangerous than individuals taken last few month by rival ratings agency Standard & Poors, which downgraded nine European countries, with stripping France and Austria of their AAA status. Fitch ratings downgraded Italy, Spain, Belgium, Cyprus and Slovenia ultimate month.