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BEIJING, March 2 (Xinhua) — Chinese rating agency Dagong Global Rating Co. on Friday downgraded the local and foreign currency sovereign credit rating of Italy from A- to BBB with a negative outlook. The downgrade was a response to inevitable fiscal austerity and structural reforms that will negatively affect the growth of the debt-laden country, Dagong said. Meanwhile, an external …
Read More »Dagong cuts Italy’s sovereign credit rating to BBB
