Friday 27 January 2012

Fitch Downgrades Five Eurozone Economies

BBC: Fitch ratings agency has downgraded five eurozone economies, including Italy and Spain, citing financial weakness during the debt crisis.

Italy was downgraded two notches to A- from A+, while Spain was also lowered two levels to A from AA-.

Belgium, Slovenia and Cyprus were also downgraded, while Fitch cut its outlook for the Republic of Ireland.

Earlier this month, Standard & Poor's agency downgraded nine eurozone eoconomies, including France. » | Friday, January 27, 2012