Moody’s Downgrades Six European Countries And Issues A Warning About the United Kingdom Hot

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While the other ratings firms already had downgraded several of the European nations, Moody’s is the first to issue a warning about the United Kingdom, citing its waning ability to reduce debt.

Moody’s downgraded Italy, Spain, Portugal, Malta, Slovenia and Slovakia. Like Standard & Poor’s and Fitch Ratings, Moody's cited concern over the Euro zone’s debt crisis.

Moody’s also lowered its outlook on France and Austria to negative. S&P had downgraded both of those countries.

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