Showing posts with label Italy. Show all posts
Showing posts with label Italy. Show all posts

Friday, July 13, 2012

Moody's downgrades Italy, warns of further cut


(Reuters) - Moody's on Friday surprised markets by downgrading Italy's government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the country launches its latest bond sale.
A woman gets money at an ATM machine in Milan November 8, 2011. REUTERS/Alessandro Garofalo/Files