S&P Downgrades Italy One Notch On Lower Growth Prospects And Political Uncertainty |
| September 19, 2011 | September 2011 Bond Updates |
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Standard & Poor’s pulled another late move on Monday, downgrading Italy’s sovereign credit rating by one notch to A/A-1. The credit rating agency cited weakening economic growth prospects as public and private borrowing costs rise, and a fragile political coalition failing to adequately respond to a challenging economic environment. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/09/19/sp-downgrades-italy-one-notch-on-lower-growth-prospects-and-political-uncertainty/ |
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