Chronicle of a foretold cut: Fitch downgrades Italy and Spain?s credit rating

Fitch cut on Friday Italy's sovereign credit rating by one notch and Spain's by two, citing a worsening of the Euro zone debt crisis and a risk of fiscal slippage in both countries. Fitch cut Italy's rating to A+ from AA- and lowered Spain to AA- from AA+.

Source: http://en.mercopress.com/2011/10/08/chronicle-of-a-foretold-cut-fitch-downgrades-italy-and-spain-s-credit-rating?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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