“Effective immediately, and in the absence of greater clarity as to why Trani objects to analysts who share legitimate views with the market in a transparent and appropriate manner, Fitch has decided to limit its disclosures to the market regarding the ratings of Italian entities and issues to formally published research.
This is what the American rating agency communicated after that the prosecutor's office of the Trani court has requested the indictment of Fitch Italia and two executives for "market manipulation". A decision that according to Fitch "lacks all merit". "Unless Fitch receives adequate assurances that this type of incident will not happen again, we will need to reevaluate the future of our operations in Italy," the statement continued.
