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Moody's cuts Slovenia government rating to Baa2 from A2
Moody's Investors Service on Thursday cut Slovenia's government bond rating to Baa2 from A2, just two notches above junk, on worries about the country's banking system and rising vulnerability to shocks. "The negative outlook reflects Moody's view that the sovereign's funding challenges and risks from the financial system remain substantial," the rating agency said in a statement. "The deteriorating macroeconomic environment amplifies this risk and opens the possibility that external assistance may be required," the statement read. Slovenian banks could post bigger losses in 2012 after their combined loss of 200 ... (full story)
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