Credit Ratings

the story:

Sept. 21 (Bloomberg)
". . . Italy’s rating was lowered yesterday by one level on concern that weakening economic growth and a “fragile” government mean the nation will struggle to reduce the euro- region’s second-largest debt burden. Italy was lowered to A from A+ with a negative outlook four months after the company warned of the risk of a downgrade. S&P today cut the creditworthiness of state-owned lender Cassa Depositi e Prestiti. . . Italy follows Spain, Ireland, Portugal, Cyprus and Greece as euro-region countries whose credit rating have been cut this year" -more