Italian Sovereign Debt Rating Downgraded by S&P

September 20, 2011

European equities rebounded after Monday’s drop despite more unsettling news from the region. S&P downgraded Italian long-term sovereign debt to a rating of A from A+.  A reassessment by Moody’s is thought also to be likely. Press reports surfaced that the German industrial company Siemens withdrew half a trillion euros recently from one of the […] More