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Italy Downgraded from A+ to A by S&P

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Standard and Poor's dropped Italy's credit rating from A+ to A. Standard & Poor’s drops credit rating to A from A+, blaming sluggish economy and ineffective government reforms. Italy has had its sovereign credit rating cut by Standard and Poor’s, with the ratings agency keeping the country’s outlook on negative in a surprise move that may add to contagion fears in the... 
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