Stocks dropped, the euro weakened and commodities slid after Moody’s Investors Service cut debt ratings on six European countries. Spanish bonds fell as the government prepared to sell debt. The MSCI All-Country World Index (MXWD) declined 0.3 percent as of 9:25 a.m. in London. Standard & Poor’s 500 Index futures sank 0.3 percent. The euro [...]
Tag Archives: Moody’s Investors Service
Italy, Spain Cut by Moody’s; U.K. Top Rank at Risk
February 14, 2012
Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and said it may strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. Spain was downgraded to A3 from A1 yesterday, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with [...]
U.S. State Tax Revenue Exceeds Pre-Recession Level, Rockefeller Study Says
January 27, 2012
U.S. state tax collections rose 6.1 percent from July to September, the seventh straight quarter of growth, and now exceed pre-recession levels, according to a report from the Nelson A. Rockefeller Institute of Government. The increase was relative to the same period of 2010, the Albany, New York-based group said today. Preliminary figures from 44 [...]
February 14, 2012
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