Moody’s: Italy Could Trigger US Financial Contagion

“The U.S. economy could be hurt by Lehman-like financial contagion if the eurozone debt crisis engulfs major European countries such as Italy, Moody’s Investors Service said.

That is still not the assumption adopted by the ratings agency, which expects the economy to grow between 1.5 percent and 2.5 percent in 2012.

Moody’s has warned, however, that any significant departure from that growth range could have implications for the United States’ Aaa rating. ”

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