Moody's Cuts Italy's Debt Rating

Credit rating agency Moody's cuts Italy's standing and warns the country is likely to see a sharp rise in borrowing costs.

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BING NEWS:
  • UPDATE 2-Moody's cuts Italy's Monte Paschi to junk
    Italian banks to fall below investment grade. Moody's said the bank's outlook remained negative, keeping pressure on the Tuscan lender as it tries to navigate a deep recession and the euro zone debt crisis. The downgrade from Baa3 to Ba2 means some ...
    10/17/2012 - 1:00 pm | View Link
  • Moody's cuts Italy's Monte Paschi to junk
    Moody’s rates Italy’s sovereign debt Baa2, three notches above Monte Paschi ... Investors have welcomed Monte Paschi’s tough business plan, which envisages 4,600 job cuts and the slashing of its loan book. Yet, Moody’s said the restructuring ...
    10/17/2012 - 1:00 pm | View Link
  • Moody's cuts Italy's debt rating
    Moody's has cut Italy's credit rating, warning that the country was likely to see a sharp rise in borrowing costs. The rating was cut two notches from A3 to Baa2, two levels above junk status. The move raised concerns of a contagion risk from Spain and ...
    07/12/2012 - 10:01 pm | View Link
  • Moody's cuts Italy's debt rating
    Moody's has cut Italy's credit rating, warning that the country was likely to see a sharp rise in borrowing costs. The rating was cut two notches from A3 to Baa2, two levels above junk status. The move raised concerns of a contagion risk from Spain and ...
    07/12/2012 - 10:01 pm | View Link
  • Moody's cuts Italy's debt rating, warns on market funding
    MOODY'S Investors Service downgraded Italy's government-bond rating two notches, saying the country faces a greater likelihood of a further sharp increase in funding costs or loss of market access given euro-area risks and that its economy has continued to ...
    07/12/2012 - 1:22 pm | View Link
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BING SEARCH:
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    11/27/2017 - 1:00 am | View Website
  • Moody's Cuts Italy Ratings Outlook To Negative | Zero Hedge
    Moody's has cut Italy's long-term senior unsecuredd government debt rating outlook from 'stable' to 'negative', leaving it at Baa2 for now.
    12/6/2016 - 6:53 pm | View Website
  • Moody's cuts Italy's debt rating
    On Friday, after Moody's downgrade, Italy raised 3.5bn euros in an auction of medium-term government bonds, with the rate falling to 4.65% from 5.3% last month. Weaker growth Moody's said in its statement that Italy was now "more likely to experience a further sharp increase in its funding costs or the loss of market access" for borrowing to service its budget.
    07/13/2012 - 5:00 am | View Website
  • Moody's cuts Italy debt rating, warns of more
    Moody's Investors Service on Friday downgraded Italy's government bond rating by two notches to Baa2 from A3, and warned it could cut it much further if the country were to lose access to debt markets. The move left Italy's rating just two notches above junk status and could raise its borrowing costs ahead of a bond sale due later on Friday.
    07/12/2012 - 8:32 pm | View Website
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