Saturday, December 17, 2011

Fitch casts doubt on European plans to stop crisis

Fitch Ratings cast doubt Friday on the budget discipline pact European states intend to adopt being able to solve the eurozone debt crisis, and warned it may soon downgrade six countries, including Spain and Italy.

Also Friday, Moody's ratings agency took action against a eurozone member, downgrading Belgium's credit rating by two notches.


AFP