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Monday, July 16, 2012

Moody's cuts 10 Italian financial institutions long-term debt and deposit ratings by one to two notches

Moody's cuts 10 Italian financial institutions long-term debt and deposit ratings by one to two notches, citing the weakening of the Italian government's credit profile. UniCredit(UNCFF.PK) and GE Capital SpA are among the banks downgraded

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