Ratings agency Fitch says it is fall the thanks ratings on behalf of five European nations counting leading fiscal heavyweights Italy and Spain. The agency on Friday lowered prestige ratings on behalf of the five nations by solitary notch and placed a denial outlook on all of them, in the function of well in the function of on Ireland. individuals nations downgraded incorporated Belgium, Cyprus, Italy, Slovenia and Spain. Italy went down to A- esteem rating while Spain was downgraded to A. Irelands BBB+ rating was affirmed but it besides conventional a unhelpful outlook. S&P ratings reduce in place of 9 eurozone countriesMinister: Spain unemployment up touch on 24 pct Fitch Ratings blamed the revisions on the manifest wear and tear popular the profitable outlook popular Europe and the absence of a credible fiscal firewall aligned with contagion and self-fulfilling liquidity crises.