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The state of the European financial crises took another hit in the first week of August as Fitch Ratings downgraded the debt...
The state of the European financial crises took another hit in the first week of August as Fitch Ratings downgraded the debt rating of Slovenia, making it the sixth member of the Euro region (following Greece, Ireland, Portugal, Spain, and Cyprus) to experience major credit hits. The reason for the Slovenia debt rating cut by Fitch has much to do with the nation's banks and their available capital, saying that too little access to cash sunk the Balkans-bordering nation from staying at "A" level. As such, Slovenia's debt has been downgraded to "A-" level...