Italy Debt Growing Amid Stalling GDP, Egan Says

Nov. 28 (Bloomberg) -- Sean Egan, president of Egan-Jones Ratings Co., talks about the agency's decision to cut Italy’s credit rating. Italy’s credit rating was cut to BB from BB+ by Egan-Jones as the euro-region’s third-largest economy struggles to manage its debt amid record borrowing costs and a slowing economy. Egan, speaking on Bloomberg Television's "InBusiness with Margaret Brennan," also discusses the rating firm's analysis of Jefferies Group Inc. (Source: Bloomberg)