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Fitch downgrades Italy on election uncertainty

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MILAN (AP) -- Fitch Ratings Agency on Friday downgraded Italy's credit rating to BBB+ from A- with a warning of a further downgrade, citing the uncertainty created by February's inconclusive elections. Fitch said the failure to come up with a clear winner makes "it unlikely that a stable new government can be formed in the next few weeks," thereby harming prospects of further reforms. The...