S&P maintains Italy rating at BBB


Lowers outlook to negative from stable

S&P is out with its credit rating for Italy sovereign debt. In maintains it BBB rating but it did lower its outlook to negative from stable.

Meanwhile Fitch, it kept UK rating unchanged at AA, but lowered its outlook to negative as a result of downside risks from a disruptive exit from EU.

  • disruptive exit from EU would have negative consequences for UK trade
  • uncertainly around Brexit process is weighing on UK’s economic growth prospects
  • uncertainties will continue to weigh on UK’s capital spending in H2 of this year
  • intensification of political divisions within UK, about aspects of UK’s withdrawal from EU and framework for future EU–UK relations impeded progress in Brexit negotiations


Products You May Like

Articles You May Like

The ONLY 5 Forex LESSONS You will EVER Need
Exit And Profit Target Strategies For Futures And Forex Trading
GBPUSD trades to new lows
Brexit Parliamentary vote on Tuesday. ECB on Thursday
The NZDUSD dips to the 200 day MA. Head and shoulder neckline broken

Leave a Reply

Your email address will not be published. Required fields are marked *