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Moody's Downgrades Italian Banks by One to Two Notches
Tuesday, July 17, 2012 - 10:12am | 282On Thursday July 12, Moody's Investor Services downgraded the Italian government's credit rating to Baa2 from A3. Late Monday, Moody's downgraded the Italian banking sector. This move comes largely expected, as ratings of banks generally get downgraded after the sovereign rating. Moody's...