S&P says may cut Telecom Italia's ratings
MILAN Aug 12 (Reuters) - Standard & Poor's said on Monday it had lowered its outlook on Telecom Italia's credit ratings after the telecoms company cut its earnings guidance for 2013.
S&P said it confirmed its 'BBB-' long-term rating on the former Italian monopolist.
"The negative outlook reflects the possibility that we could lower the long-term rating by one notch within the next 12 months," it said in a statement.
Last week Moody's said it had placed Telecom Italia debt on review for a possible downgrade. (Reporting by Stephen Jewkes)
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