Italian banks' ratings downgraded

Standard & Poor’s has affirmed the downgrading of 15 of Italy’s biggest banks, and has cut the ratings on 15 more.

Italian banks' ratings downgraded
Mon, 06 Aug, 2012 - 10:29

Standard & Poor’s has affirmed the downgrading of 15 of Italy’s biggest banks, and has cut the ratings on 15 more.

The credit ratings agency said today that Italy’s recession will be potentially deeper and more prolonged than previously thought.

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