After the cut of Italy's sovereign debt rating, Standard & Poor's strikes again. This morning the rating agency announced the predictable downgrading of some of the main state-controlled companies.
But in addition to the Cassa Depositi e Prestiti (down from A to A-1) and the Post Office (from A- to BBB), 100% public, Eni (from A+ to A), Generali (from AA- to A+ ), Unipol (from A- to BBB+) and Cattolica Assicurazioni (from A- to BBB+). All with the confirmation of the negative credit watch.
The news had an immediate impact on the stock market. It is Unipol that recorded the worst collapse in Piazza Affari, leaving 5,8% on the ground around 10 (after having reached a loss of more than 30%). Generali instead lost 7%, Eni 1,48% and Cattolica 0,54%.
