Moody's Could Downgrade Italy's Government Ratings
Tweet
Share
E-mail
US stocks dipped rather sharply into the last hour of trading Friday as Moody's Investors Service said it may downgrade Italy's Aa2 government bond ratings.
Moody's affirmed the country's short-term Prime-1 rating.
Debt contagion concerns with the Euro area have already been bad enough with Greece scrambling for aid and continued uncertainty related to Irish banks.
Italy was one of the original "PIIGS" (Portugal, Ireland, Italy, Greece, Spain) as debt worries began being heard on the Street throughout 2009 and 2010.
Moody's affirmed the country's short-term Prime-1 rating.
Debt contagion concerns with the Euro area have already been bad enough with Greece scrambling for aid and continued uncertainty related to Irish banks.
Italy was one of the original "PIIGS" (Portugal, Ireland, Italy, Greece, Spain) as debt worries began being heard on the Street throughout 2009 and 2010.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA maintains underperform ratings on six BDC stocks
- BofA says momentum style supported by earnings revisions
- BMO starts chip stocks coverage: Here are its preferred picks
Create E-mail Alert Related Categories
Credit Ratings, General NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
