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.

Why Moody’s downgrade gives an edge to safe-haven banks

Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits.

The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer

Credit Suisse Cut 3 Levels As Moody’s Downgrades Banks

Credit Suisse Group AG (CSGN)’s credit rating was cut three levels and Morgan Stanley (MS)’s was reduced by two as Moody’s Investors Service downgraded 15 banks in moves that may shake up competition among Wall Street’s biggest firms.

Credit Suisse was cut to A2, the same as JPMorgan Chase & Co. (JPM) and BNP Paribas SA (BNP), as Moody’s completed a review of global

Indian economy is facing stagflation, says Moody’s

Global financial services firm Moody’s today said Indian economy is facing stagflation, where growth is slow and inflation high, and cautioned that the Reserve Bank cannot be too aggressive in cutting interest rates.

“India’s economy is in stagflation, with notably weaker growth but inflation still