Announcements

    Drinks

      Instrument data
      Senority
      Secured
      Currency
      EUR
      ISIN
      IT0003877310
      Coupon percent
      0.909%
      Coupon type
      Floating: Fixed then Floating
      Instrument volume
      100,000,000
      Maturity date
      31/07/2035
      -
      BBB+ Outlook: Stable
      BBB+ Outlook: Stable
      Latest change
      Affirmed
      14/07/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Eiko Sievert Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope affirms Italy's BBB+/Stable long-term credit ratings

      14/7/2023 Rating announcement EN

      Scope affirms Italy's BBB+/Stable long-term credit ratings

      Extensive European support mechanisms, economic resilience, fiscal prudence and a favourable debt profile anchor the rating. High public debt, low productivity, labour market rigidities and weak demographics are challenges.

      Scope affirms Italy’s BBB+/Stable long-term credit ratings

      29/7/2022 Rating announcement EN

      Scope affirms Italy’s BBB+/Stable long-term credit ratings

      European monetary and fiscal support, a large, wealthy and diversified economy, and favourable debt profile support the rating. High public debt, low productivity, labour market rigidities, weak demographics, and political uncertainty are challenges.

      Scope revises the Outlook of Italy’s BBB+ long-term credit ratings to Stable

      20/8/2021 Rating announcement EN

      Scope revises the Outlook of Italy’s BBB+ long-term credit ratings to Stable

      European institutional support and a credible reform programme drive the Outlook change. High government debt and structural economic bottlenecks are ratings challenges.

      Scope revises the Outlook on Italy’s BBB+ long-term ratings to Negative

      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.

      Scope downgrades Italy’s sovereign rating to BBB+ and changes Outlook to Stable

      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.

      Scope affirms Italy’s rating at A- and revises the Outlook to Negative

      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.

      Scope confirms and publishes Italy’s credit rating of A- and changes the Outlook to Stable

      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.

      Date Title