Seems the Italians who have a great stock of gold are not laying down to the
so called " ratings agencies ".
Thanks for the link.
" The same prosecutor has, in recent years, also opened investigations into ratings agencies Moody's, Standard & Poor's and Fitch, saying their reports on Italy and its banks during the crisis were mismanaged and provoked sharp losses on the Milan stock market.
The case against Moody's was dropped before a trial began in Trani last year. The case against Fitch Italia and its country head was moved to Milan, where a judge threw it out on Friday.
However David Riley, Fitch's former head of sovereign ratings, remains on trial in Trani, along with five S&P officials. The ratings agencies have denied wrongdoing.
The U.S. ambassador to Italy, John Phillips, mentioned the ratings agency probe in a speech in Milan last month in which he said Italy's justice system was deterring investors. In the United States it was "highly unlikely that such a case would be brought outside the major financial centers, where prosecutors have both jurisdiction and expertise in securities fraud prosecutions," Phillips said.
