Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


Standard & Poor’s has cut Italy’s credit rating

The eurozone’s third-largest economy is being sucked deeper into the sovereign debt crisis, since one of the major credit rating agencies downgraded yesterday its credit rating. S&P downgraded Italy to "A/A-1" from a "A+/A-1+" grade because of "Italy’s weakening economic growth prospects", with a negative outlook, meaning further downgrades are possible. The move – S&P’s first downgrade of Italy since 2006 – places S&P’s rating on Italy three notches below that of Moody’s, the rating agency that many had expected to cut first.

Moody’s on Friday said it was extending its review of Italy’s finances.

Share this article :

Related contents ...

Italy and the need for a new industrial revolution

A report on the IREF Workshop in London (6th June 2016)


(Br)Exit Strategy

Policy Paper: Asylum migration and barriers to labour market entry
Policy recommendations for easier access



Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy
C L O S E

Monthly newsletter
Receive our publications for free