Italy

Italia fachadas

S&P confirms Italy’s rating at BBB+ and upgrades outlook to positive from stable

Bankinter | S&P has confirmed the country’s rating at BBB+ and upgraded its outlook to positive from stable. Bankinter analysis team’s view: Positive news, although expected. Last November, Moody’s decided to raise the country’s rating to Baa2 from Baa3, with a stable outlook. S&P highlights that the country has achieved a current account surplus despite tariff uncertainty and has managed to improve its credit profile. Italy ended 2024 with a…


Italia Economia

Moody’s maintains UK’s rating at Aa3 with stable outlook, raises Italy’s to Baa2 with stable outlook

Bankinter | Moody’s maintained its Aa3 rating with a stable outlook for the United Kingdom. The agency highlights strengths such as a rich, diversified economy and a solid institutional framework. It also notes the government’s commitment to reducing the deficit, with the budget due to be presented on Wednesday (26 November). In any case, its projections of moderate growth and a gradual reduction in the deficit lead it to estimate…


Italy precious

Fitch raises Italy’s rating from “BBB” to “BBB+” with “stable” outlook, first improvement in country’s credit rating since 2021

Link Securities | Last Friday, credit rating agency Fitch announced that it had raised Italy’s debt rating from “BBB” to “BBB+” with a “stable” outlook. This is the first improvement in the country’s credit rating since 2021. The upward revision of the rating represents international recognition of greater confidence in the budgetary trajectory, supported by increased fiscal prudence and a strong commitment to achieving the short- and medium-term objectives of…


Italia Economia

Italy’s finance minister proposes higher taxes on companies that have benefited most from economic turmoil

BancaMarch: On Thursday, potential tax hikes in France were discussed, this Friday it is the turn of Italy. In the Gallic country, the Budget Minister has given more details on temporary taxes on higher-income taxpayers and large companies – already announced on Monday by Barnier and on Wednesday by Macron. In the first case, he indicated that they would affect only 0.3% of households, those without children who earn more…


Italia fachadas

Italian industrial production falls 1.9% month-on-month and 7.2% year-on-year-year

Intermoney: Transalpine industrial production left a bad taste in the mouth in April, falling -1.9% month-on-month and -7.2% year-on-year. The secondary sector accounts for 16.2% of Italy’s GDP, so it is bad news that there was a generalised contraction in practically all the items, with a particular focus on the -2.1% m. in manufacturing activity. Moreover, the fall was especially visible in the production of base metals and materials, when…


Italia fachadas

EC suspends €19-billion Next Generation funds payment to Italy due to sluggish progress on reforms demanded by Brussels

Renta 4 : European markets open higher (Eurostoxx futures +0.5%), with the markets on hold ahead of the inflation data due on Thursday and Friday in Europe and the US, which will determine the extent to which central banks will have to continue to raise interest rates. Meanwhile, the most advanced cycle indicators (German IFO, US Conference Board consumer confidence) show a better than expected performance in March, although the…


Atlantia Abertis

Italy gives green light to Benetton’s bid for Atlantia: one of the initial accords could be the transfer of its 15% stake in Hochtief

Intermoney | The Italian government has decided not to oppose the bid launched for Atlantia by the Benettons and Blackstone, according to the daily Cinco Dias. In theory, the Italian executive could have invoked the special powers it still has over Atlantia and other strategic sectors. However it has declined to do so. The price of the bid is 23 euros in cash, which values the concessionary at some 19…


mario draghi italy

The Best-Case Scenario For Italy In The Next 12 Months

Annalisa Piazza (MFS IM) | The outcome of the Italian Presidential election (Mattarella re-elected and Draghi remaining PM) is the best-case scenario for Italy in the next 12 months. As such, BTPs should benefit from the expected stability and the integrity of the two major political figures. In the short term, we see chances of a modest tightening in spreads vs Bund. We remain relatively optimistic on Italy’s recovery story…


mario draghi italy

Italy’s Presidential Race Puts a Strain on Political Balance

*This article was originally published by Fair Observer Alissa Claire Collavo | Italy’s parliament gathered in a joint session of both houses on January 24 to elect the country’s next president who will succeed Sergio Mattarella, whose term will end on February 3. A total of 1,009 voters, including 58 delegates chosen by regional councils and known as “great electors,” took part in the first stage of voting, which will be repeated every…


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Italy | Rising Insolvencies Expected As Of H2 Of 2021

Crédito y Caución (Atradius) | Despite the deep economic contraction in 2020, Italian business insolvencies decreased 29% year-on-year. The decline was mainly due to a temporary bankruptcy moratorium and fiscal support. However, with the expiry of temporary adjustments to insolvency law, it is expected that business failures will increase again in H2 of 2021. Looking at the cumulative insolvency growth between 2019 and 2021, Italian business failures are forecast to increase 4%, with further rising insolvencies expected in 2022