December 16, 2017 7:19 pm

FITCH DOWNGRADES ITALY TO BBB+, OUTLOOK NEGATIVE

Just crossing the wires. Below is the full release. ——————————– 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 […]

The Stock Market Is Just A Few Points From An All-Time High

Italy Had An Awful Day

Europe is selling off. Italy is seeing the worst of it. Earlier today, PMI reports revealed that Europe’s services and manufacturing industries are in worse shape than most expected. Italy will be holding elections in a few days, which adds a layer of political uncertainty to the markets. Here’s an intraday chart of Italy’s FTSE […]

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