Fitch downgraded Italy's creditworthiness from AA- to A+, citing high public debt, low growth and the "politically technical and complex" solution necessary to fix Italy's financial ills and earn back the trust of investors.
(...)
Also Friday, Fitch cut Spain's sovereign debt rating by two notches to AA- from AA+, citing increased risks from the eurozone financial crisis as well as high debt in regional governments and weakening growth prospects.
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