italian debt

In Europe 21st October 2024

Fitch maintains rating at BBB and upgrades Italy’s debt outlook from Stable to Positive

Bankinter : Fitch maintains Italy’s rating and upgrades its debt outlook. The credit rating agency Fitch has maintained the debt rating at BBB and upgraded the outlook to Positive from Stable. Fitch explains this outlook upgrade by recent progress on the fiscal front and the government’s commitment to EU fiscal rules. These elements point to a reduction in medium-term financing risks stemming from the country’s high debt levels. Opinion of…

In Europe 2nd October 2018

The Scarce Reduction In Debt Will Make The Italian Budget Inadmissable For Brussels

In the initiative launched by the Italian authorities towards Brussels, the adequate single approach of avoiding confrontation and waiting to have all the information before commiting itself has been confirmed. The President of the Eurogroup reinforced this approach yesterday by recalling that the creation of a budget is a long process and that he will have to await the draft before giving a firm opinion.

Markets 17th October 2016

Italian-Spanish bonds yield spread reaches highest level since 2014

Italy’s sovereign debt has become a bargain due to the country’s upcoming referendum (December 4th) which may compromise Renzi’s government. Yield premium investors demand to hold 10-year securities versus similar Spanish debt soared to its highest closing level in almost two years in October, according to Bloomberg data.

In Europe 5th February 2016

Italian Debt As An Alternative To Spanish Debt?

The current uncertain political panorama in Spain after the December 20 elections has not been reflected in any significant way in sovereign debt spreads. The yield on the 10-year bond compared with the German bund is around 130 bp, no more than 10-15 bp above the pre-elections level. One alternative to reduce (or diversify) exposure to Spain’s public debt may be take positions in Italian debt.