Fitch puts 6 eurozone countries on downgrade watch - WAOW - Newsline 9, Wausau News, Weather, Sports

Fitch puts 6 eurozone countries on downgrade watch

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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.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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