Moody's downgrades Italy by two notches, warns might cut further
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Moody's downgrades Italy by two notches, warns might cut further

Rome : Italy | Jul 12, 2012 at 5:26 PM PDT
Source: Turks and Caicos Free Press
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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... FULL ARTICLE AT Turks and Caicos Free Press
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