- Coronavirus. Standard & Poor's downgrades Renault to "BB + / B"
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April 28, 2020 Fitch cuts Italy's rating from 'BBB' to 'BBB-'. The outlook is stable. This was announced by the international rating agency in a press release underlining that the next rating review date for Italy is scheduled for 10 July 2020 but Fitch considered "that developments in the country involve a change from the scheduled date" . The rating cut, the agency points out, "reflects the significant impact of the Covid-19 pandemic on the Italian economy" which in 2020 according to Fitch should record an 8% drop.