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Fitch cuts Italy credit rating after election impasse

09.03.13 @ 13:08

  1. By EUOBSERVER

Ratings agency Fitch added to Italy's mounting problems on Friday by cutting its credit rating by one notch to BBB-plus due to the political uncertainty after last week's election, Reuters reported. Responding to the downgrade, the Italian treasury said the current political uncertainty was a normal part of democracy.

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