Italy loses its last "A" in its rating, the one still, until today, attributed to it by the Canadian agency Dbrs, which today decided to cut the rating on Italian debt to BBB stable, thus aligning itself with the other international agencies who had already removed the "A" rating from the Italian State. The judgment reflects the political uncertainties that make it more difficult for the government to achieve the announced reforms and the difficulties of the banking sector: the judgment weighs "a combination of factors - reads the note - including uncertainty regarding the political ability to support efforts for structural reforms and the continued weakness of the banking system, in a period of growth fragility".
Even if the Canadian agency is not among the Big Three of the international rating (Standard & Poor's, Moody's and Fitch) the loss of the "A" for Italy still has its significance, as it makes it more difficult for Italian banks to deposit government bonds as collateral with central banks to obtain liquidity in exchange. According to some accounts, the Italian credit system will lack something like 30 billion euros of liquidity, ammunition that the banks themselves could have used to support businesses. Before the Canadian company, the relegation had already been sanctioned by the three giants of the sector: Standard & Poor's, Moody's and Fitch. The first with a rating of BBB-, the second with a Baa2 and the third with a BBB+ rating.
