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S&P Cuts Italy's Rating One Notch, Outlook Negative

September 20, 2011

Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

Source: http://www.cnbc.com/id/44589371?__source=RSS*tag*&par=RSS
 
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