Relevant:
- Fitch downgrades Italian and Spanish debt ratings
- Moody's turns gloomy on sovereign credit
- Italy, Spain Cut by Moody's; U.K. Top Rank at Risk
- Moody's downgrades Italy's government bond rating to Baa2 from A3, maintains negative outlook
- ECB Tapering May Trigger "Disorderly Restructuring" of Italian Debt, Return to National Currency
2011-06-19 — bloomberg.com
``"The Italian economy faces growth challenges in an environment characterized by long-term structural impediments to growth," Moody's said in yesterday's statement. "The fragile market sentiment that continues to surround European sovereigns with high levels of debt poses additional risks for Italy." ''
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