NEW YORK--(BUSINESS WIRE)--Europe's slow exodus from recession continued to exert pressure on sovereign and international public finance (IPF) credit quality in 2013. Local and regional governments (LRGs) remained challenged by expanding deficits and contracting revenues, according to a new Fitch Ratings study. Downgrades of France, the United Kingdom, Italy, and Ukraine during 2013 precipitated the bulk of the year's IPF downgrades, accounting for 88% of negative actions. The resulting 2013 IP
Reported by Business Wire 5 hours ago.
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