S&P downgrades Italian Campania region to BBB 'Negative outlook reflects possible liquidity deterioration'

(ANSA) - Naples, August 21 - Ratings agency Standard and Poor's downgraded its outlook for the southern Campania region from 'BBB+' to 'BBB' on Tuesday."The negative outlook reflects our view of the risk that Campania's liquidity could deteriorate," said the New York-based agency in a statement. S&P did however credit the region around Naples for its "moderate debt burden".