Some Moodys downgrade-doom.

Moody's Investors Service has downgraded a record amount of U.S. public finance debt in 2012 and it expects that trend to continue in the year ahead.

The rating agency said Friday that it downgraded US$311 billion in public finance debt in 2012, and upgraded just US$24 billion worth during the year. Moody's downgraded the ratings on 5.9% of the approximately 14,000 public finance debt issuers it rates during the year, and upgraded the ratings on 1.3% of them.
[link to www.investmentexecutive.com]

Moody's Investors Service has today downgraded SNS REAAL's and SNS Bank's dated subordinated debt ratings to C from Caa3 and the entities' Tier 1 securities ratings to C(hyb) from Ca(hyb).

The rating action follows the decision by the Government of the Netherlands (Aaa negative) to nationalise the entire SNS REAAL group on 1 February 2013 under the Intervention Act passed by Parliament in 2012.
[link to www.moodys.com]