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May 15th, 2012 
FAKE NEWS for the Zionist agenda The ratings agency lowered the debt ratings of the banks, including the giants Unicredit and Intesa Sanpaolo, by up to four notches on Monday.
“The ratings for Italian banks are now amongst the lowest within advanced European countries, reflecting these banks’ susceptibility to the adverse operating environments in Italy and Europe,” Moody’s said in a statement.
The ratings of UniCredit and Intesa Sanpaolo were cut to A3 from A2. The two banks account for a third of the Italian banking market by assets.
The third largest Italian bank, Banco Monte dei Paschi, was lowered by two levels to Baa3. Banco Popolare Societa Cooperativa, the fourth largest, went down to Baa3 from Baa2, and Unione di Banche Italiane, the fifth-largest bank, fell two levels to Baa2 from A3.
Moody’s also cut the credit ratings of ten other Italian banks from investment grade to junk grade and warned that additional downgrades may be necessary in the future.
Earlier, the European Banking Authority had requested that Italy’s top five banks find 15 billion euros by June to underwrite their massive government bond holdings.
Italy has been in recession since the second half of 2011, and the country’s debt ratio in the eurozone is second only to Greece.
MN/MF/HGL
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