S&P Downgrades Italy’s Credit Rating – New Blow For Distressed Europe

- S&P Italy downgrade new blow for distressed Europe (Reuters, Sep. 20, 2011): Standard & Poor’s cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis. Analysts said [...] continue reading world news