Tag: Italian public debt

• Sunday, March 10th 2013 - 11:29 UTC

  Fitch downgrades Italy’s debt rating; economy forecasted to contract 1.8% this year

  

  Ratings agency Fitch added to Italy's mounting problems this week by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt. Fitch lowered Italy's sovereign rating by one notch to BBB plus, with a negative outlook, raising the risk that its next ratings change will be a further downgrade.