Fitch downgrades Spain, Italy, Belgium, Cyprus and Slovenia

The ratings agency, Fitch Ratings, has downgraded the debt ratings of Spain, Italy, Belgium, Cyprus and Slovenia. Ireland has had its ratings affirmed by Fitch.

27th January, 2012

The ratings agency, Fitch Ratings, has downgraded the debt ratings of Spain, Italy, Belgium, Cyprus and Slovenia. Ireland has had its ratings affirmed by Fitch.

In a statement, Fitch said that the countries downgraded do not have “the full benefits of the euro’s reserve currency status.”

The outlook on all six nations is negative.

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