Wednesday July 8, 2020

Moody's takes dim view of Italian political chaos

Italy’s inconclusive elections raise the chance for prolonged political uncertainty, putting the country’s sovereign credit rating at risk for a downgrade, Moody’s Investors Service said.

27th February, 2013
Italy’s recent elections raised the risk that the structural reform momentum achieved under the government of Mario Monti will stall, said Moody's.

Italy’s inconclusive elections raise the chance for prolonged political uncertainty, putting the

country’s sovereign credit rating at risk for a downgrade, Moody’s Investors Service said.

The hung parliament is credit negative because it could lead to new elections and even a second vote might not resolve the gridlock, Moody’s said in a report dated yesterday.

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