Thu, 11 Jul 2013 13:57:04 GMT
Italy's debt costs increase as S&P lowered rating
The Italy's government auctioned medium- and long-term government securities on Thursday, increasing short of the targeted amount, after S&P's lowered Italian sovereign dept rating by two notches over junk territory. Italy sold 3-,5- and 10-year notes and floating rate bonds on primary market for €6.35 billion, gaining less than €6.5 billion maximum expected.