Reuters: Global Markets: Monte Paschi shares lower after Moody's downgrade

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Monte Paschi shares lower after Moody's downgrade Oct 18th 2012, 07:11 MILAN | Thu Oct 18, 2012 3:11am EDT MILAN (Reuters) - Shares in Banca Monte dei Paschi di Siena (BMPS.MI) opened lower on Thursday after Moody's cut its rating by two notches overnight. Moody's has cut its long-term rating to Ba2 from Baa3 saying the bank may still need to ask for outside help despite a state loans of 1.5 billion euros. The outlook remains negative, Moody's said. At 0708 GMT Monte Paschi shares were down 2.8 percent.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions