Apr.29 — Italian sovereign bonds retreated after Fitch Ratings downgraded the nation’s credit in an out-of-cycle meeting, bringing back fears the country may lose its investment grade as its finances deteriorate. Maria Tadeo reports on “Bloomberg Markets: European Open.”
In This Story: Italy
Italy is a republic in central Europe which forms a peninsula in the Mediterranean Sea as well as bordering France, Switzerland, Austria and Slovenia. The islands of Sardinia and Sicily form part of the main territory of Italy. Italy is part of the Eurozone, having entered the common currency on 1st January 1999.
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