Fitch international agency has downgraded Italy's credit rating from 'BBB+' to 'BBB'. The outlook is 'stable'. This was announced by the agency itself, explaining that the political risks for Italy have increased: the risks of a "weak or unstable government have increased". This was stated by the Fitch agency, forecasting growth for Italy of 0,9% in 2017 and 1,0% in 2018.
Fitch international agency points the finger at the weak growth of the Italian economy and the delay in consolidating the accounts, emphasizing the "failure" in terms of reducing the very high level of public debt. “This more exposes the country to potential adverse shocks.”
Italy's “bank weaknesses” increase downside risks to the economy and public finances. Fitch affirms this in a note, in which he explains that the outlook for the banking sector is "negative" and this is above all linked to the challenges to reduce NPLs and weak profitability.
