Italy cut to Baa3 from Baa2 by Moody's, stable outlook - ConsultFX

Italy cut to Baa3 from Baa2 by Moody's, stable outlook

Italy downgraded There was fear of a two-notch downgraded, which would have put it below the junk threshold. Instead, it gets a stable outlook, which means the chance of another downgrade in the near-term is low.