Share
March 30, 202019.01 Standard & Poor's does not currently see refinancing risks for Italy and does not believe that there is an immediate need to "adjust" the rating. "We have long-term concerns about growth potential and lack of structural reforms, but they date back to before this unprecedented shock," says Gill, senior director, S&P's EMEA during a webcast. S&P estimates for Italy a GDP down by less than 3% this year, to -2.6%, and then a recovery to + 3% in 2021.S&P: no need to adjust Italy rating
2020-03-30T17:09:25.348Z
19.01 Standard & Poor & # 39; s does not currently see refinancing risks for Italy and does not believe that there is an immediate need to "adjust" the rating. "We have long-term concerns about growth potential and lack of structural reforms, but they date back to before this unprecedented shock," says Gill, senior director, S&P's EMEA during a webcast. S&P estimates for Italy a GDP decline of less than 3% this year, to -2.6%, and then a recovery to + 3% in 2021.
Source: rainews