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

Saturday, October 8th 2011 - 08:20 UTC
Full article 2 comments

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+. Read full article

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