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Moody’s Downgrades Italy By Three Notches
WSJ ^ | 10/04/11

Posted on 10/04/2011 6:53:06 PM PDT by TigerLikesRooster

Moody’s Downgrades Italy By Three Notches

/snip

Here’s the Moody’s report:

Moody’s Investors Service has today downgraded Italy’s government bond ratings to A2 with a negative outlook from Aa2, while affirming its short-term ratings at Prime-1. The rating action concludes the review for downgrade initiated by Moody’s on 17 June, 2011.

The main drivers that prompted the rating downgrade are:

(1) The material increase in long-term funding risks for euro area sovereigns with high levels of public debt, such as Italy, as a result of the sustained and non-cyclical erosion of confidence in the wholesale finance environment for euro sovereigns, due to the current sovereign debt crisis.

(2) The increased downside risks to economic growth due to macroeconomic structural weaknesses and a weakening global outlook.

(3) The implementation risks and time needed to achieve the government’s fiscal consolidation targets to reverse the adverse trend observed in the public debt, due to economic and political uncertainties.

/snip

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: communism; default; economy; italy; moodys; repudiation; riots

1 posted on 10/04/2011 6:53:18 PM PDT by TigerLikesRooster
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To: TigerLikesRooster

Ruh Roh.


2 posted on 10/04/2011 6:54:27 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: TigerLikesRooster

gee I wonder if they’ll try to capture the Holy See...


3 posted on 10/04/2011 6:54:39 PM PDT by the invisib1e hand (...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
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To: TigerLikesRooster

Greeeaaat. I think we’re experiencing a downgrade bubble.


4 posted on 10/04/2011 6:54:48 PM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


5 posted on 10/04/2011 6:55:16 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
Moody’s Downgrades Italy By Three Notches

Bada-Bing... Bada-Bang... Bada-Boom.

6 posted on 10/04/2011 6:55:32 PM PDT by sklar
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To: TigerLikesRooster

I haven’t heard much about Spain lately. I wonder if there will be bad news from that quarter in the next few weeks. It just all seems like it’s piling up into a pile of gasoline soaked rags.


7 posted on 10/04/2011 6:58:01 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: TigerLikesRooster

whoa.

would it go back up if they’d kept knox in jail?

/s


8 posted on 10/04/2011 7:06:00 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: ClearCase_guy

That is exactly how it feels to me.


9 posted on 10/04/2011 7:06:18 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: TigerLikesRooster

Great- and —it rolls down hill.


10 posted on 10/04/2011 7:08:32 PM PDT by Wisconsinlady (DEFUND NPR, PBS, THE TSA AND THE U.N.)
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To: Wisconsinlady

Sense Wall Street only trades on Gvernment news, its going to be a bllody day for Obama’s Wall Street’s buddies.


11 posted on 10/04/2011 7:10:44 PM PDT by scooby321
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To: scooby321

spelling/ sorry


12 posted on 10/04/2011 7:11:50 PM PDT by scooby321
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To: ClearCase_guy

Spain might take a look at the problems Greece has - like much higher interest on their debt - and decide to do whatever they can to avoid that fate. Greece is totally screwed... Wonder if someone will step in to finish them off... ummm, I mean ‘help’ them...


13 posted on 10/04/2011 7:12:57 PM PDT by GOPJ (Bibi would go toe to toe with the devil if it was the only way to save his beloved Israel.)
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To: ken21

Their financial prospects went down when they had to give Amanda Knox her bail money back.


14 posted on 10/04/2011 7:32:52 PM PDT by reg45 (I'm not angry that Lincoln freed the slaves. I'm angry that Franklin Roosevelt bought them back.)
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To: TigerLikesRooster


15 posted on 10/04/2011 7:33:10 PM PDT by ari-freedom (I'm a heartless conservative because I love this country.)
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To: GOPJ

It’s getting so bad that the Greeks are leaving Greece.


16 posted on 10/04/2011 7:34:58 PM PDT by Freedom_Fighter_2001
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To: Freedom_Fighter_2001
It’s getting so bad that the Greeks are leaving Greece.

Which no doubt causes the kind of brain drain that just makes things worse for them. As all the productive people leave, the country just ends up with a higher percentage of useless, selfish eaters.

17 posted on 10/04/2011 7:42:43 PM PDT by Longbow1969
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To: GOPJ
Greece is totally screwed... Wonder if someone will step in to finish them off... ummm, I mean ‘help’ them...

This is what it is like to be in the EU with Greece right now:

Greece default, a dramatization

18 posted on 10/04/2011 7:45:53 PM PDT by Vince Ferrer
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

As long as no one forecloses it’ll be fine. Particularly for those who’d be doing the foreclosing. ‘) Thanks TigerLikesRooster.


19 posted on 10/04/2011 8:17:47 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: reg45

I so stole that for Facebook. :p


20 posted on 10/04/2011 8:41:35 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: TigerLikesRooster
Thatsa no good.
21 posted on 10/04/2011 9:24:55 PM PDT by Ken H
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To: reg45

Wonder if she’ll be able to sue the italian govt for false arrest, false imprisonment, conspiracy, court costs and a slew of other stuff, not to mention emotional distress, pain and anguish and all that other touchy-feely stuff to the tune of about 3 billion dollars or about 800 billion lira.


22 posted on 10/04/2011 9:52:45 PM PDT by HeartlandOfAmerica (Geithner: Taxes on 'Small Business' Must Rise So Government Doesn't 'Shrink')
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To: TigerLikesRooster

Oh (Expletive deleted), the stock market is going to LOVE this.

So much for my retirement.


23 posted on 10/04/2011 10:07:01 PM PDT by FormerACLUmember
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To: HeartlandOfAmerica

I wonder what it would be like to own Italy!


24 posted on 10/05/2011 5:14:30 AM PDT by reg45 (I'm not angry that Lincoln freed the slaves. I'm angry that Franklin Roosevelt bought them back.)
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To: TigerLikesRooster
There will be a World War in less than 3 years.

Hopefully we can keep it from going nuclear.

25 posted on 10/05/2011 5:16:10 AM PDT by Lazamataz ("Lazamataz" is a four-letter word.)
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To: Lazamataz
Or stay far away from blast zones. Since I suspect nukes will go off in Mid-East or S. Asia, you may not have to worry too much, barring Al Qaeda set it off inside U.S.
26 posted on 10/05/2011 5:39:44 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: Freedom_Fighter_2001
It’s getting so bad that the Greeks are leaving Greece.

They better get out while the gettin's good...

27 posted on 10/05/2011 8:23:52 PM PDT by GOPJ (Bibi would go toe to toe with the devil if it was the only way to save his beloved Israel.)
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