Tag Archives: Italy Downgrade

Egan-Jones Cuts Italy To Double-B From Double-B-Plus

Egan-Jones Ratings Co. cut the sovereign debt rating of Italy to double-B from double-B-plus, the company confirmed Monday. The downgrade came as Italian bond yields have soared in recent weeks, which could have long-term repercussions on the country’s ability to … Continue reading

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European Union Credit Rating Collapse

Moody’s cuts Spain by 2 notches, sees funding risks Moody’s Investors Service on Tuesday cut Spain’s sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress. Worsening … Continue reading

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