Spain and Cyprus downgraded by Moody's

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Source: Bloomberg
European outlook worsened on Wednesday when Moody's Investors Service downgraded Spain and Cyprus. Moody's reduced Spanish rating by 3 notches from A3 to Baa3 citing country's surging debt. Ratings agency also cut ratings of Cyprus from Ba1 to Ba3 claiming the impact of Greek exit on the neighbour country. 
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Thu, 14 Jun 2012 06:41:44 GMT

Credit Suisse predicts weaker China growth

Credit Suisse Group lowered its outlook for China's economic growth for 2012 to 7.7% citing diminishing corporate net income and slowing investments. Credit Suisse predicted also further years for world's second biggest economy to be weaker in terms of growth. China's equities traded lower as Deutsche Bank also reduced forecast for the country's economy. 

Wed, 13 Jun 2012 20:46:52 GMT

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