ibnlive » Business

Dec 17, 2011 at 09:37am IST

Fitch warns may downgrade 6 euro zone nations

New York: Fitch Ratings on Friday warned it may downgrade Belgium, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis.

The ratings agency placed the ratings of Belgium, Spain, Slovenia, Italy, Ireland and Cyprus in credit watch negative, which means a downgrade is possible within three months.