, Italy Now Rated at Baa2 – Downgraded Two Notches by Moody’s
Friday proved to be quite a surprising day for the market when Moody’s downgraded the rating of the Italian government’s bond to Baa2 by cutting it down two notches and even issued a warning that further cuts could be made, building up the pressure only a few hours before the biggest bond sale is commenced by the euro zone economy which also happens to be the third-largest.
