Print Edition - 2018-09-03  |  Money Digest

Fitch revises Italian debt outlook

NEW YORK

Sep 3, 2018-

The Fitch ratings agency on Friday revised its outlook for Italian long-term debt from stable to negative, citing the risks of a “new and untested” coalition government. A statement from the New York-based agency said it expects “fiscal loosening” from the new populist government, possibly leaving “Italy’s very high level of public debt more exposed to potential shocks.” The lowered outlook comes almost exactly three months after the new coalition—joining the anti-establishment Five Star Movement and the far-right Lega Nord—came to power in elections that jolted the country’s mainstream parties. (AFP)

Published: 03-09-2018 08:44

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