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Italy's BBB (stable outlook) credit rating....>

ITALY
ITALY: Italy's BBB (stable outlook) credit rating at Fitch is set to be reviewed
on Friday with the fiscal uncertainty surrounding the new government leading to
speculation of a downgrade/move to a negative outlook.
- Italy's Repubblica news outlet reported (on Thursday) that Fitch's credit
worthiness report notes that Italy's gov't measures will total about EUR75bn and
that the planned spending may raise debt. The article also noted that reforms in
Italy are "increasingly difficult." Finally the piece stated that Fitch deems
the chances of Italy leaving the Euro as highly unlikely.
- It is worth remembering that Moody's recently extended its rating review of
Italy, noting that it wants "to get better visibility on the country's policy
direction. The rating agency usually aims to conclude rating reviews within a
time frame of three months. However, in this case, Moody's is extending the time
frame pending greater clarity on the country's fiscal path and reform agenda. It
will most likely conclude the review by the end of October at the latest."
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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