Fitch downgrades Italy rating
- Published: 9 Mar 2013 at 01.49
- Online news:
The international ratings agency Fitch said Friday it had downgraded Italy's sovereign debt rating by one notch to "BBB+" from "A-" and added that the outlook was negative.
The entrance of Fitch ratings agency on August 8, 2011 in Paris. The international ratings agency Fitch said Friday it had downgraded Italy's sovereign debt rating by one notch to "BBB+" from "A-" and added that the outlook was negative.
Fitch pointed in particular to "the inconclusive results of the Italian parliamentary elections on 24-25 February" which "make it unlikely that a stable new government can be formed in the next few weeks."
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