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Moody's Investor Service reports on Italian...>

ITALY
ITALY: Moody's Investor Service reports on Italian banks need to "repay E250
billion of cheap European Central Bank loans by June 2020 - March 2021, which
will result in higher refinancing costs for the nation's lenders that will weigh
on their already weak profitability." Moody's notes the "research is an update
to the markets and does not constitute a rating action."

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