Wednesday, September 21, 2011

S&P downgrades Italy’s sovereign debt rating: crude dips on the Nymex

Oil prices were mixed in Asian trade after Standard & Poor's downgrade of Italy's sovereign debt rating, which raised nervousness in the market. The US credit ratings firm cut Italy's sovereign debt rrating to "A/A-1" from a "A+/A-1+", because of weak economic growth and high government debt levels.

For more details on S&P downgrades Italy’s sovereign debt rating: crude dips on the Nymex click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: