What was decided by Standard & Poor's on Italy's rating

Standard & Poor's decides on October 26 to keep the note from Italy at bbb, keep it but by varying theperspective from stable to negative, reduce it. The decision, expected after the closure of Wall Street, arrives after the agency Moody downgraded our country to Baa3, thus maintaining a stable outlook for Italian public debt. At the end of August, however, Fitch he had confirmed Bbb's rating, but had revised the outlook from stable to negative. Standard & Poor's was therefore the last agency – it's also the largest – to be expressed in 2018.

RISKS FOR THE COUNTRY IF YOU LEAVE UNDER A LEVEL OF INVESTMENT

Italy is maintained for the moment on "non investment grade"it would be the threshold below which the situation would become very critical for our country. In fact, there are regulations that require bond funds to dispose of lower quality securities because they are judged speculative. If two agencies brought Italy under investment grade, Goldman Sachs calculated that Italian government securities could be sold for 100 billion. As for the purchases of the ECB, they are possible as long as our country is not below the investment grade for the four main rating agencies: the three Americans and the Canadian Dbrshistorically more generous to Italy (the current rating is BBB high).

The last day of the weekly negotiations and a few hours before S & P's judgment, the tension on markets (the trend has been maintained for the moment), despite a partial collapse of the gap between the BTP and the German Bund, which reached 309 after a leap to 318. The distance from Greek bonds was reduced to 63 points to return then 80. high voltage on Italian banks, the most exposed for the share of government bonds in their portfolios. In particular, they suffered Azimuth (-3.69%), Fineco (-3.07%), Mediobanca (-2.7%), ubi (-2.44%), Bank Bpm (-1.94%), Unicredit (-1.4%) e Intesa (-0.79%), who tried to return to the final. In countercurrent mps (+ 0.82%), unchanged Carige (Read here the study on the ten black years for Italian banks on the stock market).