Comment: Fitch: Italy Downgraded To BBB+ (Outlook Negative)

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Fitch: Italy Downgraded To BBB+ (Outlook Negative)

Fitchslapped: Italy Downgraded To BBB+ (Outlook Negative)
3-8-13

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 a weak government less able to respond to shocks. But apart from all that, as we noted earlier, Italian stocks and bonds are bid.
http://www.zerohedge.com/news/2013-03-08/fitchslapped-italy-...