Italy is the largest of the southern European nations which has been engulfed by the debt crisis, and the one the the EU and IMF can least afford to bail-out. S&P downgraded the country’s sovereign paper by one notch to A.
| Republic of Italy (Unsolicited Ratings) | 19-Sep-2011 18:16 EST |
A/Negative/A-1 | A+/Negative/A-1+ | Revised |
