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26 Italian Banks Downgraded by Moody’s

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26 Italian Banks Downgraded by Moody’s

Post by Dirtbikepilot on Mon May 14, 2012 11:20 pm

Moody’s has just announced a downgrade of count them…26 Italian banks, and left their outlooks negative.
The 26 banks were all cut from 1-4 notches: The
ratings were cut by one notch for 10 banks, two notches for eight banks,
three notches for six banks, and four notches for two banks.

The EUR has broken down further vs. the dollar on the news.

Full report here: http://www.silverdoctors.com/26-italian-banks-downgraded-by-moodys/

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