FITCH DOWNGRADES ITALY TO BBB+
Fitch Ratings has downgraded Italy’s Long-term foreign and local currency Issuer Default Ratings (IDR) to ‘BBB+’ from ‘A-’. The Outlook on the Long-term IDRs is Negative. Fitch has simultaneously affirmed the Short-term foreign currency IDR at ‘F2′ and the common eurozone Country Ceiling for Italy at ‘AAA’.
going down down down..and the picture that accompanies the article is the clown doing the A’Ok sign..hmm..of course thats just a coincidence..