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Commerzbank: S&P Outlook Adjustment For Italy To Add To Market Nervousness

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Commerzbank note that “the surprising ad-hoc S&P rating outlook adjustment in reaction to Draghi's departure (outlook down to stable) will add weight to the market's nervousness. Recall that ever since NGEU, rating agencies have been very "dovish" on € sovereigns and the unusual ad-hoc adjustment (the first ad-hoc since the corona crisis in Apr/May ‘20) underscores the challenging sentiment.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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