Trial requested for 6 S&P managers over Italy reports-update

Suspects accused of market manipulation

(ANSA) - Trani, September 22 - Prosecutors in Trani on Monday asked a judge to send six managers and analysts from rating agency Standard & Poor's to trial for allegedly deliberately misleading the market with reports on Italy between May 2011 and January 2012. These reports include one from January 12, 2012, in which S&P downgraded Italy's sovereign debt rating by two notches from A to BBB+. The period under consideration refers to the peak of the eurozone debt crisis, when Italy looked in danger of a Greek-style financial meltdown.


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