Showing posts with label Italy's sovereign rating. Show all posts
Showing posts with label Italy's sovereign rating. Show all posts

Monday, July 16, 2012

Italy faces bond sale test after Moody's downgrade

MILAN (Reuters) - Italy's auction of up to 5.25 billion euros in bonds on Friday looks altogether more testing after Moody's cut its rating on the euro zone's third-largest economy to just two notches above junk status.