(Reuters) – Ratings agency Moody’s downgraded Telecom Italia’s credit rating by one notch to ‘B1’ on Thursday, citing expectations its leverage will remain high and free cash flow will stay negative over the next two to three years. Telecom Italia’s shares fell over 6% on Thursday, hitting an all-time low as the Italian government’s collapse is likely to hamper plans for the creation of a single network. Italy’s biggest telecoms company could cut more than 9,000 jobs by 2030 and is ready to offload its fixed network business to reshape the debt-laden former telecoms monopoly. Moody’s retained …