Fitch cut Italy’s sovereign credit rating on Friday.
It was reduced from A-minus to BBB-plus with a negative outlook.
The rating agency said that was, in part, because of the political uncertainty following the country’s recent inconclusive elections.
Fitch does not believe a stable new government can be formed in the next few weeks and the economy already in deep recession is unlikely to get necessary structural reforms.
Get a different perspective
Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.