Financial police in Milan carried out checks in a local office of international rating agency Fitch, media reported on Tuesday.

According to the ANSA news agency, an investigation by prosecutors from Trani, in southern Italy, was underway against some rating agencies accused of manipulating market with "false, unfounded or otherwise imprudent judgments" on the Italian economic-financial system and banks.

The checks in Fitch office followed those carried out last Thursday in a local office of rating agency Standard & Poor's.

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