moody's News

Britain has lost its cherished AAA credit rating after Moody's, the world's largest global credit rating agency, downgraded the UK to Aa1.

Some major banks will find funding more expensive as a result of their credit ratings being cut by Moody's Investors Services.

Toronto - Moody's Investors Service announced Thursday afternoon that it has downgraded the province of Ontario's issuer and debt rating from Aa2 with positive outlook to Aa1 with a stable outlook due to lack of economic growth and burdensome debt.

New York - Moody's has announced that it has downgraded the credit rating of six European countries, while three other nations had their outlook cut to negative. These downgrades come as the European debt crisis persists and the economy remains weak.

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