Roundup: Italian economy facing downgrades amid inflation, energy worries
ROME, Nov. 2 (Xinhua) -- Rating company Moody's on Wednesday downgraded its outlook on Italy's economy, the latest in a series of worrying signs for the country.
Moody's slashed its assessment of the country's banking system from "stable" to "negative", and said it expects conditions for the banking sector to deteriorate further over the coming 12 to 18 months, especially with regard to the performance of bank l