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Fitch puts 6 eurozone countries on downgrade watchFitch considering downgrades for Italy, Spain, Ireland, Belgium, Slovenia, Cyprus
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.
Related Keywords:Europe-Financial Crisis,Financial crisis,Economy,Business,Financial markets