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.