Trani

To call Trani an energetic administrator is to understate the case.

News for Richmond Times-Dispatch 2009

The report, which Trani prosecutors are scrutinizing, said political gridlock made it hard for Prime Minister Silvio Berlusconi's government to pass sweeping economic reforms, and noted that Italy's GDP had fallen by an average of 0.9% between 2005 and 2011.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

People familiar with the matter said this week that Trani's prosecutors have launched a formal investigation into whether the rival firms showed faulty judgment in questioning the Italian economy's health.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

Getty Images Prosecutors in Trani are investigating two ratings giants.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

Moody's, which placed the Aa2 rating of Italian government bonds on review for a possible downgrade in June, is under investigation in Trani for a report it published last year that suggested Italy's banking system could be vulnerable to contagion from the Greek debt crisis.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

Prosecutors have broad authority in Italy, particularly in defending the state against perceived foreign threats, and Trani investigators' efforts could eventually prompt a judge to weigh in on whether to issue an indictment.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

At Limon, for example, under the regime of Warden Travis Trani, two facts are notable.

Prison Porn 2010

Trani, a picturesque town in a part of Italy's sunny southeast coast known for its wine, figs and olive oil, hasn't played much of a role in the global economy since the Crusades.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

"These judgments/predictions are to be regarded as false and partially groundless, not to mention imprudent, tendentious and incorrect," Trani prosecutors wrote in a confidential court document—filed to seize documents from the stock market regulator and the Milan offices—regarding S&P's decision to place Italy's credit rating on review for a possible downgrade, according to the people familiar with the matter.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011

Trani's prosecutors ordered police to seize documents last week from Italy's stock market regulator and from the Milan offices of S&P and Moody's, including the rating agencies' codes of conduct, said a person with knowledge of the matter.

Port Town's Prosecutors Probe S&P, Moody's Stacy Meichtry 2011