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Moody's Cuts Ratings on Italy, Portugal and Spain

Description:Moody's has cut the debt ratings of Italy, Spain and Portugal and put France, the UK and Austria on alert, saying they are increasingly vulnerable to the eurozone crisis. Moody's also cut its ratings on the smaller nations of Slovakia, Slovenia and Malta. All nine countries are members of the European Union. (1:38)

Source: IBTimesTV

Tags: ibtimestv , credit downgrade , credit downgrade europe , europe credit downgrades