Arab Today, arab today moody\s warns to cut italy\s credit ratings
Last Updated : GMT 21:54:28
Arab Today, arab today
Arab Today, arab today

Moody\'s warns to cut Italy\'s credit ratings

Arab Today, arab today

Arab Today, arab today Moody\'s warns to cut Italy\'s credit ratings

New York - Xinhua

Moody\'s investors service warned on Friday that it may cut Italy\'s sovereign credit ratings from the current Aa2, citing economic growth challenges and the potential of higher borrowing costs. Moody\'s said in a statement that it has placed Italy\'s credit ratings under review for a possible downgrade and affirmed the European nation\'s short-term Prime-1 ratings. \"Moody\'s review of Italy\'s sovereign rating will focus on the growth prospects for the Italian economy in coming years, and particularly the prospects for a removal of important structural bottlenecks that could hinder a stronger economic recovery in the medium term,\" the ratings agency said. It said that Italy\'s economy has structural weaknesses like low productivity and \"labor and product market rigidities,\" and the debt-burdened country also faces risks for the implementation of fiscal austerity plans. Italy had debt of about 1.8 trillion euros (2.6 trillion U.S. dollars) at the end of last year and a ratio of debt to gross domestic product of about 119 percent. The annualized yield on two-year Italian bonds has risen from 2. 30 percent in mid-March to 2.99 percent now, but is still well below the 28.8 percent the market is demanding on two-year Greek bonds, and the 13.03 percent yield that two-year Portuguese bonds pay. Italy\'s 10-year government bond spreads narrowed on Friday by 9 basis points to 186 basis points over the benchmark German bonds, still staying at a high level. Standard & Poor\'s has Italy\'s long-term sovereign credit rating at A+ with a negative outlook. Fitch ratings is in between S&P and Moody\'s with an AA- rating and stable outlook.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s warns to cut italy\s credit ratings Arab Today, arab today moody\s warns to cut italy\s credit ratings

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday