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Europe Daily Bulletin No. 10655

14 July 2012
ECONOMY - FINANCE - BUSINESS / (ae) economy
Italy's credit rating downgraded

Brussels, 13/07/2012 (Agence Europe) - On Friday 13 July 2012, the European Commission expressed disgust yet again at the timing chosen by credit rating agencies for their decision to downgrade a country's credit rating. On Thursday 12 July, Moody's downgraded Italy's credit rating by two notches. The Commission is critical of the timing because it comes at a time when Italy is making a big bond emission and is struggling to roll over debt on the international markets. Investor confidence...

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ECONOMY - FINANCE - BUSINESS
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