LONDON (AP) — Fitch Ratings says a number of euro countries, including Italy, may see their credit ratings downgraded by one or two notches by the end of this month as they struggle to cope with the debt crisis.
Fitch's head of sovereign ratings David Riley says Tuesday the agency will give its verdict on several countries by the end of January. Fitch currently has Italy, Spain, Belgium, Ireland, Slovenia and Cyprus on so-called "ratings watch negative."
Much interest in the markets centers on Italy, which Riley says is the "front line" of Europe's debt crisis.
"The future of the euro will be decided at the gates of Rome," says Riley.
and .....
At least one ratings agency probably won't be downgrading France.
According to Bloomberg's Linda Yueh, Fitch is soon to resolve a host of ratings for various countries in the Eurozone, but France is unlikely to be among the countries that will get the ax.
Of course, Fitch is owned by a French company, so... make of that what you will.
The world is still sitting on pins and needles, waiting for Moody's or S&P to make their move.
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