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IPFS News Link • Economy - International


Moody's just downgraded its sovereign debt ratings on Italy, Malta, Portugal, Slovakia, Slovenia, and Spain.  All six countries have negative outlooks.

The ratings agency also issued negative outlooks for Austria, France, and UK who are all Aaa rated.

Also interesting, Moody's cut its outlook for the Aaa-rated Bank of England. From the press release:

Moody's has today also changed the outlook on the Aaa debt rating of the Bank of England to negative, in parallel with its decision to change the outlook on the UK's sovereign rating.

Moody's ratings actions follow downgrades by Fitch on January 29 and S&P on January 13.

Here's Moody's full press release: