Announcements
Drinks
15/5/2020 Rating announcement EN
Scope revises the Outlook on Italy’s BBB+ long-term ratings to Negative
Deteriorating public finances and weakness in Italy’s medium-run growth prospects drive the Outlook change. European institutional support, including from the ECB, the economy’s systemic importance and a strong external sector support the ratings.
7/12/2018 Rating announcement EN
Scope downgrades Italy’s sovereign rating to BBB+ and changes Outlook to Stable
Lack of a coherent reform agenda to address structural weaknesses and debt sustainability concerns drive the downgrade. Moderation of policy objectives, record of primary surpluses, and access to European backstops support the Stable Outlook.
8/6/2018 Rating announcement EN
Scope affirms Italy’s rating at A- and revises the Outlook to Negative
Euro area membership, a large and diversified economy, primary surpluses, and low private debt support the rating. Implications of anti-establishment landscape, the new government’s programme and impact of tensions with Europe drive the Negative Outlook.
30/6/2017 Rating announcement EN
Scope confirms and publishes Italy’s credit rating of A- and changes the Outlook to Stable
Euro area membership, large and diversified economy, track record of primary surpluses and reforms, and resilient debt structure support the rating. High public debt, growth below potential, banking fragilities and political uncertainties are constraints.
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