Italy's sovereign debt rating cut by S&P on growth fear

steve2470

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Mon Sep-19-11 06:49 PM
Original message

Italy's sovereign debt rating cut by S&P on growth fear

Source: BBC News

Italy has had its sovereign debt rating cut by Standard & Poor's, the latest move in a deepening and continuing European debt crisis.

S&P cut its rating on Italy's long- and short-term sovereign debt rating to A/A-1 from A+/A-1+, adding that the outlook for the country was "negative".

It cited fears over Italy's ability to cut state spending and bring its finances in order.

Italy is currently trying to push through an austerity budget.

Read more: http://www.bbc.co.uk/news/business-14981718

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Heywood J

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Mon Sep-19-11 08:13 PM
Response to Original message

1. Next, they'll be downgraded from

step-pause/turn+pause/pivot-step-step to step-pause/turn+pause/pivot-step+pause.

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DJ13

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Mon Sep-19-11 08:14 PM
Response to Reply #1

2. LOL!

:applause:

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