Fitch Downgrades Italy’s Credit Rating To BBB+ (Outlook Negative)

- Fitchslapped: Italy Downgraded To BBB+ (Outlook Negative) (ZeroHedge, March 8, 2013): The France-based ratings agency has just joined China’s Dagong, and US Moody’s by Fitch-slapping Italy with a BBB ratings handle. Citing four main reasons: election results which and ‘non-conducive’ for further structural reforms, deeper than expected recession, greater than expected budget deficits, and [...] continue reading the breaking news