Moody’s

MOODY’S DOWNGRADES ITALY TO Baa2

Rating agency Moody’s downgraded Italy by two notches from A3 to Baa2. It warned that the sovereign’s rating could face further cuts on further deterioration in the economy. The downgrade would raise bond yields at its auction today. (CNBC)

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EQUITY UPDATE – 21 JUNE 2012

ASIA Renesas Electronics Group – Co., formed by successive mergers between Hitachi Ltd, Mitsubishi Electric and NEC Corp, will receive funding from the shareholders of these firms to boost operations for the firm. With access to loans worth JPY 50… Read More ›

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