Moody's downgrades Cyprus' sovereign credit rating to Ba3 from Ba1, citing the increased likelihood of a Greek exit from the eurozone and the resulting increase in the likely amount of support the government may have to extend to Cyprus' banks
Moody's cuts its rating on Spanish sovereign debt by three notches to Baa3 from A3, saying the newly approved eurozone plan to help the country's banks will increase its debt burden and citing the government's "very limited" access to international debt markets.
On the hour: S&P -0.06%. 10-yr +0.02%. Euro +0.08% vs. dollar. Crude -0.22% to $82.39. Gold -0.02% to $1619.25
Moody's cuts its rating on Spanish sovereign debt by three notches to Baa3 from A3, saying the newly approved eurozone plan to help the country's banks will increase its debt burden and citing the government's "very limited" access to international debt markets.
On the hour: S&P -0.06%. 10-yr +0.02%. Euro +0.08% vs. dollar. Crude -0.22% to $82.39. Gold -0.02% to $1619.25
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