Credit Debt Repair

ROME – ITALY has fared relatively well in the economic crisis but must scale back public debt that is expected to rise to 120 per cent of gross domestic product (GDP) by 2010, Fitch ratings agency warned on Monday. Fitch, which rates the credit risk of companies and governments, also affirmed Italy’s long-term Issuer Default Ratings at AA- with a stable outlook and said it expected the economy …