Economy

Moody’s: European stock markets down

Paris, London, Frankfurt, European markets have opened lower this morning, with the notable exception of Milan. The stock market responds to Moody’s decision to reduce the notes of several countries.

The rating agency downgraded Italy, Portugal and Spain, but also Slovakia, Slovenia and Malta. France, Britain and Austria, are threatened with losing their “Aaa”. Standard & Poor’s has removed its “Aaa” to France exactly one month ago.

Spain is the country whose rating is the lowest, it is lowered by two notches.

Moody’s has considered appropriate, however the “Aaa” it attributes to Germany, Denmark, Finland, Luxembourg, the Netherlands, Sweden and the European Financial Stability Fund.

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