Italy: Moody’s slashes government’s credit rating

posted by
October 4, 2011
Posted in News

"Moody's lowered its rating on Italy's bonds by three notches on Tuesday, saying it saw a 'material increase' in funding risks for euro zone countries with high levels of debt and warning that further downgrades were possible. ... Moody's decision came as little surprise after the agency said on September 17 that it would finish a review for possible downgrade of its rating on Italy within a month." (10/04/11)  

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