Cut Rate Italy Is Warning For Europe

Italy get a credit rating cut by Moody's as much as 3 levels, the A2. Trimming rating from Moody's is a signal to other countries, not only Italian only. The failure of Italy to improve its fiscal condition reflects a failure of Europe to boost investor confidence to buy their bonds. Moody also stated, without a proper response to this crisis, the rating cuts for other European countries is likely to occur.

Posted in: Analisis Fundamental,forex