Moody's Cuts Belgium Rating by Two Notches - France placed on Negative List by Fitch - Spain and Italy Also Warned of Downgrade

LATE BREAKING NEWS - Moody's cut Belgium's credit rating by 2- notches and France has been placed on Negative list by Fitch.

After the closing bell of todays trading - Moody's - (credit rating agency) -downgraded Belgium.
Spain and Italy also alerted for further downgrade - credit rating agency says that the 'Eurozone crisis is beyond reach'.

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http://www.telegraph.co.uk/finance/financialcrisis/8962488/Spain-and-Italy-warned-of-downgrade-as-Moodys-cuts-Belgium-by-two-notches.html