Sunday, June 19, 2011

Moody?s move on Italy just playing catch up

Moody’s is putting their Aa2 rating (2 notches above S&P, 1 notch above Fitch) on Italy on review for a possible downgrade. They cite the following, 1)”Economic growth challenges due to macroeconomic structural weaknesses and a likely rise in interest rates over time, 2)Implementation risks surrounding the fiscal consolidation plans that are required to reduce [...]

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