Fitch downgrades Italy's debt rating

The international ratings agency Fitch has downgraded Italy's sovereign debt rating by one notch to triple-B-plus from A-minus.

The international ratings agency Fitch has downgraded Italy's sovereign debt rating by one notch to triple-B-plus from A-minus. Fitch pointed to the inconclusive results of the Italian parliamentary elections last month, which the agency says make it unlikely a stable new government can be formed in the next few weeks.

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