- Language: English
- Published: July 2012
- Region: Italy
Research Update: Ratings On 11 Italian LRGs Lowered To 'A'; City of Turin Outlook To Neg On Italy Downgrade; All Outlooks Are Negative Sep 11
- Published: September 2011
- Region: Italy
- Standard & Poors
On Sept. 19, 2011, Standard & Poor's lowered its unsolicited long- and short-term sovereign credit ratings on the Republic of Italy to 'A/A-1' from 'A+/A-1+' and maintained the negative outlook. Under our methodology applicable to local and regional governments (LRGs) and their related sovereigns, we cap the ratings on LRGs based on the long-term rating on the related sovereign. Consequently, we are lowering our long-term ratings on 11 Italian LRGs to 'A' from 'A+' and maintaining our negative outlooks on these LRGs (see Ratings List below). We are revising the outlook to negative from stable and affirming the 'A' long-term rating on the City of Turin. We are also lowering our long-term issue ratings on the bonds issued by the...
Companies mentioned in this report are: City of Bologna,City of Milan,City of Turin,City of Genoa,Region of Emilia-Romagna,Region of Marches,Autonomous Region of Friuli-Venezia Giulia,Province of Rome,Region of Umbria,Region of Sicily,Region of Liguria,Province of Mantova
Action: Outlook: Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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City of Bologna,City of Milan,City of Turin,City of Genoa,Region of Emilia-Romagna,Region of Marches,Autonomous Region of Friuli-Venezia Giulia,Province of Rome,Region of Umbria,Region of Sicily,Region of Liguria,Province of Mantova