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Moody's downgrades Italy's government debt rating two notches, to Baa2 from A3, and maintains a...

Moody's downgrades Italy's government debt rating two notches, to Baa2 from A3, and maintains a negative outlook; the country is now "more likely to experience a further sharp increase" in funding cost, or the loss of market access.
Comments (9)
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    wonderful - moodys only a year or so behind everyone with a brain
    12 Jul 2012, 07:53 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (5589) | Send Message
     
    Is this a joke? Would love to hear what has changed so dramatically this week?
    12 Jul 2012, 08:03 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    Stone Fox Capital
    Would love to hear what has changed so dramatically this week?
    ======================...
    to Baa2 from A3 is not dramatically compare to the current state of World economy
    12 Jul 2012, 08:18 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Moody's may opine as they wish. It changes nothing on the ground.
    12 Jul 2012, 08:23 PM Reply Like
  • eabyrd
    , contributor
    Comments (311) | Send Message
     
    Great job predicting the past!
    12 Jul 2012, 08:28 PM Reply Like
  • GoldLine
    , contributor
    Comments (50) | Send Message
     
    Long overdue...
    12 Jul 2012, 10:23 PM Reply Like
  • WMARKW
    , contributor
    Comments (10221) | Send Message
     
    Hey....at least it didn't say "unexpectedly".
    12 Jul 2012, 11:27 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    Italy's near-term economic outlook has worsened, with weaker growth and higher unemployment, which creates risk of failure to meet fiscal consolidation targets. As said above - about time.
    13 Jul 2012, 04:45 AM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    http://seekingalpha.co...
    13 Jul 2012, 07:24 AM Reply Like
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