Italy is the newest target of a Standard and Poors credit rating downgrade. S&P cited weak economic growth, a fragile government, and rising borrowing costs as reasons they believe reducing the second largest debt in Europe will be very difficult. Remember how S&P's downgrade of U.S. credit helped spur a period of high market volatility? This definitely won't help settle European debt crisis worries.
Rainer
90,444
90,444
Ryan P. McDonough
Licensed Loan Officer
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