Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and revised its outlook on the U.K.’s and France’s top Aaa ratings to “negative,” citing Europe’s debt crisis.
Spain was downgraded to A3 from A1 with a negative outlook, Italy was downgraded to A3 from A2 with a negative outlook and Portugal was downgraded to Ba3 from Ba2 with a negative outlook, Moody’s said. It also reduced the ratings of Slovakia, Slovenia and Malta.
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More News On Moody's Downgrade Of European Sovereign Debt
Moody's warns UK, France, Austria over AAA rating; cuts others -- Reuters
Moody’s cuts ratings on Italy, Portugal and Spain -- Washington Post
Moody's says U.K., France debt outlook 'negative' -- USA Today
Italy, Spain Ratings Cut by Moody’s as U.K. May Lose Top Rank -- Bloomberg Businessweek
Euro falls after Moody’s downgrade -- Financial Times
Moody's cuts France, UK, Austria outlooks to negative -- CNBC
WNU Editor: Moody's press release on it's downgrade of European sovereign debt can be read here.
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