Italy risks slipping back on the rating ladder. And again by two steps. “Two notches of downgrading for Italy are one of the possible options“. This was confirmed by Alessandro Settepani, senior director of Fitch, on the sidelines of the 2012 European Credit Outlook.
Yesterday, heard in committee in the Chamber, Settepani had defined "probable" the downgrading of our country within the end of the month. “The rating committee will evaluate it at the end of January – he added -. The agreement on the fiscal-compact at European level will be one of the factors in the evaluation”. If the solution is long and slow, he explained, it will have some kind of impact. Easy to imagine which.
