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Moody's Also Drops Italy's Credit Rating

Cites woes with the euro, not Italy itself

By Kevin Spak,  Newser Staff

Posted Oct 5, 2011 8:49 AM CDT

(Newser) – Moody’s followed Standard & Poor’s lead and downgraded Italy’s credit rating yesterday, slashing it from Aa2 to A2 and setting its outlook to “negative,” meaning it envisions more cuts to come. Moody’s said its decision wasn’t based on...   Read full story »

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Italy • Standard and Poor • Moody's • credit rating • eurozone • financial crisis

 
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