Moody's downgrades the sovereign debt of Spain by two notches, and the debt of Italy, Portugal,...

|By:, SA News Editor

Moody's downgrades the sovereign debt of Spain by two notches, and the debt of Italy, Portugal, Slovakia, Slovenia, and Malta by one notch. In addition, Moody's outlooks for France, the U.K., and Austria are being revised to negative, though each country is maintaining its A3 rating for now.