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January 27, 2012
Fitch Downgrades the Long-Term Issuer Default Ratings of Belgium, Cyprus, Ireland, Italy, Slovenia and Spain.

February 14, 2012
Moody's Downgrades Six European Sovereigns including Italy, Portugal, Slovakia, Slovenia and Spain.

October 7, 2011
Fitch Downgrades Italy's Long-Term Foreign Currency Issuer Default Rating from AA- to A+.

September 19, 2011
Standard & Poor’ s Downgrades Italy’s  Long-Term Sovereign Credit Rating from A+ to A.