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Fitch puts 6 eurozone countries on downgrade watch

Fitch considering downgrades for Italy, Spain, Ireland, Belgium, Slovenia, Cyprus By The Associated Press

LONDON (AP) ' Fitch ratings agency says it considering downgrading six nations that use the euro ' Italy, Spain, Ireland, Belgium, Slovenia and Cyprus ' by one or two notches.

Fitch says that following last week's EU summit, it "has concluded that a 'comprehensive solution' to the eurozone crisis is technically and politically beyond reach."

It expects to complete the review of the countries' ratings by the end of January.

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Related Keywords:Europe-Financial Crisis,Financial crisis,Economy,Business,Financial markets

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