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Fitch Lowers Ratings on 5 European Countries
Ratings agency Fitch is at it again with another slew of downgrades. Today, Fitch lowered ratings on Belgium, Spain, Cyprus, Slovenia, and Italy, while affirming Ireland’s rating.
Here’s a recap of the details:
- Belgium IDR: To AA from AA+; Outlook Negative
- Spain IDR: To A- from AA-; Outlook Negative
- Cyprus IDR: To BBB- from BBB; Outlook Negative
- Slovenia IDR: To A from AA-; Outlook Negative
- Italy IDR: To A from AA-; Outlook Negative
- Belgium IDR affirmed BBB-; Outlook Negative
S& P 500 - Intraday
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