Aa 1 News Today

Governor Kathy Hochul today announced the recent upgrade of various credit ratings for New York State by Moodys Investors Service, including the upgrade of New Yorks issuer rating and ratings on general obligation, personal income tax revenue and sales tax revenue bonds, to Aa1 from Aa2.

Look at the stock markets here in europe, been trade for almost two hours. the selling does continue, not perhaps as vicious as it was an hour or so ago. but off by .6% for the ftse, the cac and the dax and the zurich smi off by .37%. moodys rating agency has downgraded spain from aa-1 to aa-2 saying it doesnt think the government -- the restructuring of the banking structure will cost us perhaps what the government assumes. it thinks it will cost more. and also, its not sure that the government...

Jumps 11%, easing back from 9% higher. still not bad. still looking at whats going on here in europe, the markets are nearly 92 minutes into their trading day. the selling does seem to be continuing, although perhaps not as vehemently as a half hour ago. off about two-thirds or .75% for the ftse, the paris cac, the zurich smi and xetra dax. and moodys has downgraded spain from aa-1 to aa-2. for two reasons, it says first, the cost of restructuring the spanish banking sector is going to be greate...

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Governments current consumptions. s going to cost more to sort out spains banks than the government is saying moment. second, and i quote, continued concerns over the ability of the spanish government to achieve the required sustainable and structural improvement in general government finances. so moodys then downgrading spain by one notch to aa-1. lets have a quick look at european stock markets. reacting to that news which of course is not good for the currency. and the ftse is off by .75%. pa...

Good morning, from cnn london. im charles hudson. this is "world business today." our top stories on thursday, march 10th. violence in libya escalates so does the volatility on the markets. the recent spike in oil is feeding inflation fears. just ahead of the uk rate decision. and ranking the richest. where the new billionaires are coming from. and another piece of news to give you straightaway which is of huge relevance to european stock markets that is moodys, the rations industry has deci...