Italy dismisses S&P downgrade

Standard & Poor’s downgraded Italy's credit rating outlook to negative in May 2011, over concerns that political gridlock could affect debt reduction plans, a prospect that was dismissed by the Italian Treasury.

ESO: Background information: OECD urges Italy to enact reform http://www.europeansources.info/record/oecd-urges-italy-to-enact-reform/

Deutsche Welle, 22.5.11: Credit rating agency slaps Italy with negative forecast http://www.dw-world.de/dw/article/0,,15095847,00.html

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