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S&P lowers Italy’s rating to BBB+

January 14, 2012, 0:03 UTC+3
Last year the S&P already lowered the sovereign credit rating of Italy from A+/A-1+ to A/A-1 with a negative outlook
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ROME, January 14 (Itar-Tass) —— The international rating agency Standard&Poors has lowered Italy’s sovereign credit rating to BBB+, Bloomberg said.

The S&P lowered Italy’s credit rating to BBB+ from on the basis of data from EU officials, the agency said on its website.

Last year the S&P already lowered the sovereign credit rating of Italy from A+/A-1+ to A/A-1 with a negative outlook, and also the ratings and credit outlooks of a number of Italian banks and financial entities.

 

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