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Moody's downgrades 26 Italian banks by one to four notches noting an economy back in recession,...

  • Monday, May 14, 2012, 4:46 PM ET
    Moody's downgrades 26 Italian banks by one to four notches noting an economy back in recession, mounting asset quality challenges, and restricted access to funding markets. The ratings outlook for all of the affected banks remains negative. The euro slides another few pips to $1.2825.
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This news story has 4 comments:

  •  
    Makes you wonder, why now just as the s&p closes under the 50dma? Oh I know, no QE 4 until at least a 20% drop
    14 May 2012, 04:52 PM Reply Like
  •  
    Continual EU pressures will lead to even more sell in May and go away market declines.
    14 May 2012, 04:56 PM Reply Like
  •  
    I smell a bank run on Italian, Spanish and Portugese banks coming.
    14 May 2012, 05:02 PM Reply Like
  •  
    Mamma mia....ats a spicy meatball !!!!
    14 May 2012, 11:52 PM Reply Like
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