JVBank & CB Passive Income: Fitch slashes Italy’s credit rating to just above junk

Friday, May 1, 2020

Fitch slashes Italy’s credit rating to just above junk

Fitch slashes Italy’s credit rating to just above junk

Rating agency Fitch cut Italy’s credit rating to BBB-minus, just a single notch above junk, saying the downgrade reflects the impact of coronavirus on the eurozone’s third largest economy

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