Moody’s Downgrades Italian Debt –

Moody’s downgraded Italian government debt from Aa2 to A2 with a negative outlook.  Moody’s cited the increase in long-term funding risks for Euro nations with high levels of debt.  Also, the weak global economic outlook was part of the rationale for the downgrade.  The timing of the downgrade could have an effect on market activity for the remainder of the week..  

To visit the Moody’s site, please click here:–PR_227333

James Sutliff

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