Fitch could downgrade Italy by two notches

City A.M. Reporter
A two-notch downgrade of Italy is an option, a senior director of Fitch ratings said.

"A downgrade by two notches is one of the possible options," Alessandro Settepani, senior director for business and relationship management at Fitch in Italy, said.

"The committee will assess the rating of Italy on the basis of refinancing levels and measures for growth," he added.