Moody's Downgrades Italian Bonds Again
http://dervishcom.blogspot.com/2012/07/moodys-downgrades-italian-bonds-again.html
Moody's Investors Service announced on July 12 that it was downgrading Italian government bonds by two notches in response to the continuing financial problems of Europe. The Italian bond rating went from A3 to Baa2, which makes the sovereign debt instruments of seventh largest economy of the world just two notches ahead of "junk bonds." The move — which surprised Italian officials — came at a bad time for the Italian government, which was auctioning off €5.25 billion on Friday.
webmaster@thenewamerican.com (Bruce Walker) 14 Jul, 2012
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Source: http://thenewamerican.com/world-news/europe/item/12070-moodys-downgrades-italian-bonds-again
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