Announcements

    Drinks

      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 takes no action on the Republic of Italy

      20/1/2023 Monitoring note EN

      Scope takes no action on the Republic of Italy

      Monitoring review announcement

      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 takes no action on the Republic of Italy

      11/2/2022 Monitoring note EN

      Scope takes no action on the Republic of Italy

      Monitoring review announcement

      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 takes no action on the Republic of Italy

      5/3/2021 Monitoring note EN

      Scope takes no action on the Republic of Italy

      No action has been taken on Italy following a monitoring review.

      Scope has completed a monitoring review on the Republic of Italy

      30/10/2020 Monitoring note EN

      Scope has completed a monitoring review on the Republic of Italy

      Monitoring review announcement

      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.