Politicians seize upon Moody's downgrades
PARIS (AP) — European politicians on Tuesday seized on the latest slew of credit downgrades and warnings to defend the need for painful budget cuts — in spite of a muted market reaction to the move by ratings agency Moody's.
Late Monday, Moody's Investor Service downgraded the ratings of Italy, Portugal and Spain, while France, Britain and Austria kept their top credit scores but had their outlooks dropped to ...
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