Spain and Italy downgraded by Moody's

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Source: Bloomberg
Moody's Investors Service downgraded the credit ratings of six Europe's nations including Spain, Portugal and Italy. Rating agency also said it considers lowering the ratings of UK and France amid region's debt turmoil. Both countries currently are Aaa rated. Spain's rating was cut from A1 to A3, Italy's from A2 to A3 and Portugal's from Ba2 to Ba3.  European officials have put effort to contain crisis but it still is not enough to secure long-term stability, said Moody's.
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