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ITALY DID IT AGAIN !! Moody's Downgrades Italy's To Baa2 From A3, Negative Outlook !!

 
Anonymous Coward
User ID: 862427
Mexico
07/12/2012 08:03 PM
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ITALY DID IT AGAIN !! Moody's Downgrades Italy's To Baa2 From A3, Negative Outlook !!
just like Spain before everyone took the country to a Sub-A rating, Fitch is once again the decider. S&P has Italy at BBB+, and Now Moody's just took italy under A to Baa2; only Fitch is still at A-, outlook negative. When all three rating agencies go sub A, there is a 5% ECB repo hike as we explained back in April.

From Moody's

Frankfurt am Main, July 13, 2012 -- Moody's Investors Service has today downgraded Italy's government bond rating to Baa2 from A3. The outlook remains negative. Italy's Prime-2 short-term rating has not changed.

The decision to downgrade Italy's rating reflects the following key factors:
Anonymous Coward (OP)
User ID: 862427
Mexico
07/12/2012 08:03 PM
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Re: ITALY DID IT AGAIN !! Moody's Downgrades Italy's To Baa2 From A3, Negative Outlook !!
THE DAMN LINK !!

[link to www.zerohedge.com]
Anonymous Coward
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United States
07/12/2012 08:08 PM
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Re: ITALY DID IT AGAIN !! Moody's Downgrades Italy's To Baa2 From A3, Negative Outlook !!
I'm part Italian. I know the international bankers have committed massive fraud, but it's hard to feel too sorry for the Italians. Italy has been a fucked up place for a long time. The political corruption is off the hook.
Anonymous Coward
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Argentina
07/12/2012 08:56 PM
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Re: ITALY DID IT AGAIN !! Moody's Downgrades Italy's To Baa2 From A3, Negative Outlook !!
PIN IT BABY

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