Moody’s downgrades 13 Italian banks - Gayo Lues
Italian banks had previously been downgraded in mid-May as part of an international bank rating review.
Last week, Moody’s downgraded Italian government bonds by two notches due to concerns over the country’s higher funding costs and slowdown in growth and the risk of contagion from the economic crises in Greece and Spain.
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source: Presstv.ir – Europe News
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