And so the contagion spreads

Italy has become the latest country to have its sovereign debt rating cut. Standard and Poor’s (S&P), the debt rating agency, has reduced Italy’s rating down one level from A+ to A. The debt rating is meant to give a signal as to how reliable the country will be in repaying its debt. Italy has a debt to GDP ratio … Continue reading

Posted by Nigel Tree | Comments Off on And so the contagion spreads