NH1 News Debates


Dec 5, 2014 1:54 PM

S&P cuts Italy's credit rating citing weak economy

The Associated Press

Standard & Poor's has lowered Italy's credit rating one notch, saying it expects much slower economic growth than official forecasts.

The New York-based agency on Friday cut its rating on Italy's debt to "BBB-." That's its lowest investment-grade rating and one notch above "junk" status.

S&P said it expects the Italian economy will emerge from recession early next year. But the agency predicts Italy's economy will grow only 0.2 percent in 2015, far slower than Italian government forecasts ranging from 0.7 percent to 1.9 percent growth.


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome