Italy’s Debt Downgraded by S&P; Outlook Still Negative
September 19th, 2011Via: CNBC:
Standard and Poor’s downgraded its unsolicited ratings on Italy by one notch to A/A-1 and kept its outlook on negative, a major surprise that threatens to add to concerns of contagion in the debt-stressed euro zone.
S&P in a release dated Sept. 19 said the cut reflected its view of Italy’s weakening economic growth prospects.
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