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Moody’s Downgrades Italian Banks

By Mr. Cain Thaler – Mon Jul 16, 2012 11:12pm – No Comments

Milan, July 16, 2012 — Moody’s Investors Service has today downgraded by one to two notches the long-term debt and deposit ratings for 10, and the issuer ratings for 3, Italian financial institutions, prompted by the weakening of the Italian government’s credit profile, as captured by Moody’s downgrade of Italy’s government bond rating to Baa2 from A3 on 13 July 2012. The long-term debt and deposit ratings of one bank were affirmed.

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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,318.20 0.91% NASDAQ 3,482.18 0.87% S&P 500 1,651.81 0.78% VIX 16.61 -1.13%	SPX 500 (CFD) 1,652.90 0.07% DOW (CFD) 15,330.00 0.08% NASDAQ 100 3,000.60 0.15% EURUSD 1.339 -0.03%	UK 6,364.50 -0.15% GERMANY 8,234.80 0.06% FRANCE 3,852.30 -0.21% SPAIN 8,131.50 -0.60%	H. KONG 20,986.90 -1.13% JAPAN 13,245.20 1.83% KOREA 1,888.31 -0.65% SHANGHAI 2,143.45 -0.73%	NAT GAS 4.16 0.17% GOLD 1,367.00 0.03% SILVER 21.61 -0.30% COPPER 3.16 0.21%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.17 -4.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 2.12 -0.33% GERMAN 10YR 1.56 -0.64% ITALIAN 10YR 4.30 0.30% SPAIN 10YR 4.56 0.15%	WTI 98.82 0.39% BRENT 106.34 0.30% WTI/BRENT 7.52 321 CR SPR 21.96 10.04%