Italy, Portugal, Spain downgraded by Moody's; outlook cut on France and U.K., hitting euro

[marmar]

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service late Monday lowered ratings on Italy, Portugal, Slovakia, Slovenia, and Malta by one notch and slashed Spain's sovereign rating by two notches. The ratings agency also cut the outlook on France, the United Kingdom and Austria to negative but kept their ratings at triple-A for the time being. The move was to reflect the susceptibility of the countries to "the growing financial and macroeconomic risks emanating from the euro area crisis and how these risks exacerbate the affected countries' own specific challenges," said Moody's in a statement. Moody's left Germany's rating unchanged at triple-A.


http://www.marketwatch.com/story/story?Guid=edb45197-57b9-4a29-b2e4-4399b24d49d1&link=MW_home_latest_news

[WillyT]

1. K & R !!!

[Octafish]

2. Give 'em a giant dose of austerity is what they need.

And kick the lazy social democratic paupers to the curb where they belong.

Who do they think they are, Society?

[DonCoquixote]

3. Funny how Germany is at AAA

Hmm, this is where the financial fascists try to se tup a 4th reich. Heil Fuhrer Mendel!