Fitch Ratings downgraded the ratings of Slovenia, Cyprus, Belgium, Spain and Italy and affirmed Ireland's rating Jan. 27, MarketWatch reported. Fitch downgraded Italy from A+ to A- and Spain from AA- to A. Belgium was downgraded to AA from AA+ and Cyprus went from BBB to BBB-. Slovenia fell from AA- to A, while Ireland maintained its BBB+ rating. All six still have a negative outlook, according to Fitch. The ratings agency believes the eurozone crisis will only be resolved with substantial reforms, including greater fiscal integration, to secure economic and financial stability.
Ireland: Fitch Affirms Credit Rating, Downgrades 5 Other Nations
January 27, 2012 | 1857 GMT
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