The DBRS agency confirms Italy's BBB (high) rating but revises the negative trend from stable downwards. The Moody's agency instead postpones the examination. In a note he announces that he has updated his calendar and that therefore he will not communicate any decision on the r ating of Italy which for now remains at Baa3 with a stable outlook.
Dbrs instead has revised downwards the negative trend that "reflects the considerable uncertainty on the economic repercussions" of the coronavirus , reads a note from Dbrs, which specifies that the banking system is in a stronger position than in the past in terms of capitalization . "The pandemic is a test for Italian economic resilience" , highlights Dbrs, specifying that political tensions will hardly destabilize the government in the short term but much will depend on Phase 2.
