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Italy's Credit Rating DowngradeOctober 2011 Fitch credit rating agency downgraded on October 7 Italy's credit rating from AA- to A+ with a negative outlook. The downgrade by Fitch follows previous downgrades by Moody's on October 4 and by Standard& Poor's on September 19. Italy's Economic IndicatorsApril 2011 The Italian Statistics office, Istat, released updates of the Italian economy in February. In February 2011 the producer price index increased by 0.5% compared to January 2011 and by 5.3% compared to February 2010. Istat estimates that 22.8 million people were employed. The unemployment rate for February was 8.4%. |
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