Loading...
See More

Fitch could downgrade Italy - director

Jan 18 2012 13:01 Reuters

Related Articles

'Awful' Italy debt sale ups euro stress

Italian cabinet good for economy

Investors shrug off Italian downgrade

Italian debt woes batter stocks

Italy to adopt economic package

Spanish, French borrowing costs raise alarm

 
Milan - A two-notch downgrade of Italy is an option, a senior director of Fitch ratings said on Wednesday.

"A downgrade by two notches is one of the possible options," said Alessandro Settepani, senior director for business and relationship management at Fitch in Italy.

"The committee will assess the rating of Italy on the basis of refinancing levels and measures for growth," he said. Settepani said an agreement on the fiscal compact will be considered in any decision on an Italy downgrade.

Fitch earlier said it is likely to cut Italy's rating by the end of January.
italy  |  ratings agencies  |  euro  |  eurozone debt crisis
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...