CREDIT RATINGS AGENCY Fitch has downgraded five eurozone countries today – Italy, Spain, Belgium, Cyprus and Slovenia – but has not altered Ireland’s credit rating.
Italy’s rating was cut to A minus from A plus; Spain was downgraded to A from AA minus; Belgium was cut to AA from AA plus; Cyprus was cut to BBB minus from BBB and Slovenia was downgraded to A from AA minus.
Ireland, meanwhile, has retained its BBB plus rating, the Wall Street Journal reports.
Fitch kept the outlook for all six countries on negative outlook, according to Bloomberg.
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