For more Fx news & info, please visit http://www.ufxmarkets.com... Italy's rating was cut to A+ from AA- by Fitch Ratings on October 7th, earlier this week and Moody's Investors decreased Italy's rating from AA2 to A2. Both rating companies mentioned increased concern surrounding the Euro region's debt crisis. Fitch also reduced Spain's rating October 6th from AA+ to AA-.
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