S&P cuts credit rating of 18 Italian banks Economy Jul 252013 Standard & Poor’s on Wednesday downgraded the long-term credit rating of 18 Italian banks due to deepening recession. Leave a Reply Cancel reply Your Comment Name (required) E-mail (required) URI Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.