If the Italian parties "move towards the creation of some kind of grand coalition, even simply to reform the electoral system so that the next elections have a more conclusive outcome, this would be positive for the Italian outlook". This was stated by David Riley, head of sovereign ratings at the Fitch agency, during a TV interview with Reuters Insider.
According to the rating agency analyst, the current lack of a government with an appropriate mandate is damaging the climate of confidence "of businesses and consumers in Italy".
On March 8, Fitch had reduced the rating on Italy from A- to BBB+, explaining that the decision was linked to the "inconclusive result" of the February elections. The outlook remained negative.
