“The clear electoral victory of the Democratic Party over the M5S and Forza Italia gives Renzi a reinforced mandate. We believe this is good for credit and should provide further impetus to Renzi's previously announced economic reform agenda. Fitch writes it in a report published today on the outcome of the European elections.
The analysts of the rating agency point out that the executives of Italy and Spain in particular come out of the polls strengthened, which can therefore now operate by virtue of an even more solid mandate and encounter fewer obstacles along the path of reforms.
In the report, Fitch also notes that "results in Greece and Portugal also show considerable support for economic reforms."
