Fitch Cuts Credit Ratings –

Fitch lowered the credit ratings for the sovereign debt of five Euro region nations.  The five nations included Italy, Spain, Belgium, Cyprus, and Slovenia.  The credit rating for Italy was cut to A- and the rating for Spain fell to A.  Italy has the third largest European Union economy.

To read a related Bloomberg article, please click here:

http://www.bloomberg.com/news/2012-01-27/italy-spain-are-among-five-euro-zone-nations-downgraded-by-fitch-ratings.html

James Sutliff

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