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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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S&P cuts ratings on 34 Italy-based financial firms

SAN FRANCISCO (MarketWatch)
Standard & Poor's Ratings Services on Friday lowered ratings of 34 Italy-based financial institutions, including UniCredit SpA , Intesa Sanpaolo SpA and Banca IMI SpA
The move comes after the ratings agency downgraded Italy's sovereign rating to BBB+ in January
The lower ratings also reflect the revision of S&P's Banking Industry Country Risk Assessment (BICRA) for Italy to group 4 from group 3
A BICRA is scored on a scale from 1 to 10, with group 1 categorized as lowest-risk banking systems to group 10 which is viewed as the highest risk
Posted by El Genio at sábado, febrero 11, 2012

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