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Tag: Moody's

Spain downgrade ups pressure on EU to act - 19 October 2011 - News

A double-notch downgrade to Spain's credit ratings yesterday (18 October) has put more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs.

Moody's slashed Italy credit rating - 05 October 2011 - News

Moody's lowered its rating on Italy's bonds by three notches on Tuesday (4 October), saying it saw a "material increase" in funding risks for euro zone countries with high levels of debt and warning that further downgrades were possible.

Commission questions Greek S&P rating downgrade - 31 March 2011 - News

The European Commission questioned Standard & Poor's latest downgrade of Greece, saying yesterday (30 March) it did not share the rating agency's view and had concerns about how credit rating agencies functioned.

Barnier to pin credit rating agencies under EU thumb - 18 May 2010 - News

EU Internal Market Commissioner Michel Barnier has told EU finance ministers today (18 May) how he plans to put credit rating agencies under the thumb of an EU agency, blaming the uncertainty in financial markets on the downgraded ratings of Greek and Portuguese debt.

Moody's sees banking contagion in eurozone debt crisis - 07 May 2010 - News

Moody's rating agency yesterday (6 May) warned of a severe risk of contagion as it expects the euro zone's debt crisis to destabilise the banking sector in several EU countries.

EU says will probe rating agencies - 05 May 2010 - News

The European Commission has told credit rating agencies to watch their step when judging a country's financial health, saying they would probe their work and could even set up a central agency to take over this job.

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