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Frequency of rating agencies downgrade the EU summit under tremendous pressure
international rating agency Moody’s Investors Service announced on the 18th the Spanish long-term sovereign debt rating cut two; the same day, Standard & Poor’s announced reduction in 24 Italian banks and financial institutions ratings. A day earlier, Moody’s also warned that Europe’s second largest economy, France’s outlook under pressure.
Some analysts pointed out that the frequent movement of international rating agencies showing the euro zone debt market situation and the potential impact of the crisis on the banking industry deeply concerned about the market for 23 of the EU summit’s ability to achieve key outcomes high hopes, but the downward pressure on the French rating Relief Fund may be to expand the scale in terms scruples.
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