Standard & Poor’s downgraded Italian Prime Minister Silvio Berlusconi’s country on September 20.(Getty Images)
Standard & Poor’s downgraded Italian Prime Minister Silvio Berlusconi’s country on September 20.
(Getty Images)

S&P Downgrades Italy

September 21, 2011  •  From theTrumpet.com
And unknowingly upgrades a unified core Europe under German leadership.
 

Rating agency Standard & Poor’s (S&P) downgraded Italy’s credit rating from A+ to A on Tuesday. It gave Italy a negative outlook, meaning further downgrades could follow. The announcement may cause further investor exodus from European debt markets, and threatens to escalate the credit crisis.

Moody’s is expected to downgrade Italy soon too.

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