The latest auction of 15-year BTPs saw stratospheric demand. It's not just a question of yield. Italian bonds are also being bought for their debt structure: long average maturity, predominantly fixed rates, and more flexible maturity profiles.
S&P maintains Italy's rating at BBB+ and raises its outlook from stable to positive, recognizing the prospect of a gradual reduction in debt. Giorgetti: "Work pays off."
Moody's upgrades Terna's rating to Baa1, upgrades its hybrid debt to investment grade, and changes its outlook to stable, following the recent upgrade of Italy's sovereign rating.
The rating agency raised its rating from Baa3, the lowest investment grade. The outlook changed from positive to stable. Economy Minister Giorgetti: "Further confirmation of the renewed confidence in this government and therefore in Italy."
The agency bases its decision on a stable political environment, the reduction of external imbalances and a deficit of around 3%, factors that mitigate the risks arising from the still high public debt.
Fitch Ratings has revised its ratings for the two main Italian banking groups upwards, bringing their ratings one notch above the Italian sovereign rating.
The yields on the 10-year benchmarks, BTPs and OATs, are both at 3,56%, and the spread against Germany is similar. Here's how the situation is viewed in Italy and France: a comparison with the crisis...
After downgrading France's rating last week, Fitch has instead recognized Italy's political stability and improved public finances. The last upgrade was in 2021 under the Draghi government.
The BIS warns of the growing gap between public debt and equity and fears a contagion effect among countries. The hedge funds have the upper hand and warn of looming dangers, signaled by the rising premium demanded by...
The decision was expected and confirms the country's difficult times, in the midst of a financial, political, and social crisis. Moody's and Standard & Poor's ratings are expected next week.
In the final session of the week, Piazza Affari was the best performing stock among the major European markets. Banks continued to perform well, while Giorgio Armani's will affected the luxury market. Profits were taken on Stellantis. Paris remained flat as it awaited its rating.
Improving economies, declining deficits and excellent stock market performances are now attracting more investors to Italy, Greece, Spain and Portugal than to France and Germany: the opposite of a decade ago.
A fiery week for France, as Bayrou's centrist government faces a confidence vote on Monday, September 8th. The crisis is financial rather than political, and Paris also risks a credit rating cut. Macron is moving forward with...
Flight from US bonds, offers of European corporate debt jumped in June. Issuance by high-yield or junk-rated companies increased to 23 billion euros. The Flora, Carnival and Czechoslovak cases…
Moody's has confirmed Italy's Baa3 rating, the lowest level in the investment grade range, but has upgraded the outlook from stable to positive, signalling an improved fiscal outlook and greater political stability.
Moody's downgrade of the US has hit Treasury yields today, which are jumping higher, triggering even greater concerns than those of duties. European stock markets are buoyant, however. For Piazza Affari, it is D-Day of the maxi…
S&P Global Ratings has decided to make a "super-promotion" to 15 Italian banks, including Unicredit, Intesa and Bpm, after the upgrade of Italy's sovereign rating. Fs also promoted
After 8 years, S&P has promoted Italy by raising its rating to BBB+ from BBB while maintaining a stable outlook. Panetta: it can still improve. Oat and Bono spreads have also been positively influenced
The dollar suffers from Trump's push-pull on tariffs. Asian stock markets take advantage of the exemption on tech tariffs, even knowing it will be temporary. European stock markets are doing well: eyes on BTPs after the rating increase…
Standard & Poor's raises Italy's rating to BBB+ with stable outlook: fiscal progress recognized, but high debt and low growth still weigh. US duties are an unknown factor in the future. Giorgetti: "Rewarded for seriousness and responsibility"
It could be a good time for Italy, benefiting from greater interest from investors, to the detriment of Germany and France, which are struggling with bigger problems. It could improve the spread, decrease interest expenses and maybe improve the…
Moody's leaves everything as it is: Baa3 rating with stable outlook. For 2024 it expects growth below 1%, held back by weak domestic demand and falling exports. No move now, but no clues about the future either
The day after the ECB's decision to cut rates by another quarter point, European stock markets are seen opening slightly lower. Keep an eye on the good accounts of Essilorluxottica and Brunello Cicinelli
Positive opinion on the capital's accounts, investments and waste-to-energy plant from the American rating agency. However, the city must improve for those who live and work there
The analysis by Morningstar Dbrs, a US rating agency, which does not say it is particularly concerned about financial risks, but still sees some banks as highly vulnerable to legal, regulatory and even reputational risks linked to exposure to a sanctioned country
S&P Global Ratings strengthens confidence in Pirelli, confirming the BBB- rating and improving the outlook to positive. Recognition of the solid financial position, effective strategy and focus on the High Value segment
JP analysts put the company on "Negative Catalyst Watch" and lowered their earnings per share estimates for 2024 and 2025 by 9%.
Ninth episode of the Guide to Finance, published by FIRSTonline and developed by REF Ricerche with the collaboration of Allianz Bank Financial Advisors - Professor Alfonso Del Giudice explains what they are, what they are for and who issues the ratings...
Ninth episode of Guide to Finance tomorrow on FIRSTonline. It will, as always, be prepared by Ref Ricerche in collaboration with Allianz Bank Financial Advisors and published in 16 languages. Tomorrow's speech on ratings is by Professor Alfonso Del Giudice…
The failure to announce future rate cuts by the ECB, which does not follow the path of the Fed, and the risk of lowering Italian banking ratings predicted by S&P yesterday slowed down Piazza Affari. Openings up in Europe
While the Lisbon government is overwhelmed by corruption investigations which allegedly concern the prime minister and the minister of economic development, the US agency raises the rating from Baa2 to A3. How does the situation in Portugal differ from…
Italy passes the tests of the rating agencies. Even the fearsome Moody's confirms the Baa3 rating and improves the outlook for our country's economy
Despite making their hopes due to the date, but also due to the unpredictability of the US agency, analysts are quite optimistic. But a downgrade would push the spread to 250 bps and other serious consequences. Let's see which ones
The conflict in MO and the risk of new rate rises agitate the markets - Waiting for S&P's rating on Italy
The ever-increasing tension in the Middle East continues to push sales on European stock exchanges - Oil, gas and gold prices rise - Milan awaits S&P's rating, arriving this evening
The growth of the spread, the slowdown in GDP and the wait for the rating agencies' judgment on the sustainability of our public debt keep Prime Minister Giorgia Meloni but also Italy on edge
The rating agency expects a GDP to increase this year by 0,4%, to then recover from the previous year at +1%. Debt/GDP seen at 136%, against the euro area average of 93%.
DBRS Morningstar confirmed Italy rating, keeping it at BBB - Manufacturing, private debt, savings and households save us, but beware of policy weakness
When yields are close to zero, the high yield market can be a good alternative, but beware of volatility. Ver Capital then focuses on super short sectors
Piazza Affari is preparing to close a week of hikes. There are many signs that justify it: the leap in BTPs, which was once a concern, is now a boon for banks, insurance companies and the post office. The turnover of the industry is growing. Not…
A last minute transfer of over 83 million dollars avoids, at least for now, the financial disaster and the stock exchanges celebrate - Today the S&P rating on Italy, which has returned to attracting foreign capital
The presentation of the new business plan prompted Terna to reach the highest level on the Stock Exchange since the beginning of the pandemic and earn confirmation of the rating
Standard & Poor's also upgraded the rating of both listed bond issues issued by the Italian insurance group from BB to BB+
On the agenda for today the go-ahead from the Eurogroup to the Mes "unconditionally", but also the new verdicts of the rating agencies on Italy - the USA and China are talking again and Wall Street celebrates
Cold shower for Italian government bonds due to the increase in deficit and debt: they are just one step above the junk level - Gualtieri's reply and the effects on the banks - The markets rely on the ECB…
Piazza Affari closes in negative territory - Awaiting the verdict of S&P, however, the spread is reduced - Sales on bank and oil securities - Terna's exploits - Nexi, Diasorin and Fineco also do well.
Today's meeting of the European Council opens in a climate of great uncertainty: the 2 billion Recovery Fund is advancing but only since June - ECB sterilizes ratings - High tech wakes up on the stock market
FBS spa has been part of the Veneto banking group since 2018 and the US rating agency confirmed its "above average" rating and stable outlook.
The prospects go from "negative" to "stable" thanks to the continuous reduction of NPLs and the improvement of financing conditions - Atlantia and Autostrade ratings cut instead - S&P promotes Salini Impregilo
Since 2010, the Italian economy has grown by only 0,6%, against 10,6% for the entire euro area - According to the agency, "weak growth and the inability of policymakers to deal with it explain the negative prospects for the Italian sovereign rating"
On the other hand, the opinion on creditworthiness confirmed - The outlook remains negative in both cases - Leone shares rise in Piazza Affari
As it did in October, the US rating agency avoided rejection for our country's economy, which is still under observation for its "reversal of course on the reform front".
Tonight the verdict of S&P on Italy which once again worries Europe and the markets due to the effects of political uncertainty - Euro increasingly down in front of the superdollar - Fireworks by US high tech giants
The American agency Moody'e confirms the BBB3 rating for Italy, one step just above the junk level - And the markets breathe a sigh of relief.
Italy hopes to avoid the relegation of Moody's and is preparing to sign, amid controversy, agreements with China which has decided to open up on the patents and technologies of foreign companies - ENI's business plan today -…
The American agency avoids downgrading Italy and confirms the BBB rating with a negative outlook but highlights the "high level of debt" and the worrying increase in "political uncertainty" - Fitch forecasts a +2019 GDP for 0,3, XNUMX% and a public deficit…
With closed markets, the American agency Fitch will communicate Italy's rating on the sustainability of its debt, a signal with effects on the stock market and above all on the yields of government bonds and on interest expenditure - Today Piazza Affari closed…
Cautious morning for European price lists awaiting Fitch's rating on Italian debt - Inwit sparks in Piazza Affari in view of the alliance with Vodafone but Rai Way also takes off - The banks promoted by HSBC are positive…
Today Gubitosi's industrial plan is being examined by Tim's board of directors with an eye to debt reduction and the future of the network - Dividend and possible delisting instead push Mediaset stock - Spread and Btp in tension in sight…
The American agency has upgraded Enel's rating from BBB+ to A- with a stable outlook - Now the rating of the group led by Starace is higher than that of the Italian state: Fitch recognizes it as a global leader in…
One year after the publication of the stamp issued by the Antitrust on the Chambers of Commerce, the number of companies that requested and obtained it increased by 80%. Mostly they are SMEs. Here are the 5 most virtuous Regions
The American agency S&P, unlike Moody'sm, confirms Italy's BBB rating but cuts its outling, which becomes negative and which could herald a subsequent downgrade that would have very serious effects on the markets - How the attack risks having it without precedent…
It will arrive after closed markets but S&P's judgment on Italy will certainly influence today's session in Piazza Affari after yesterday's rebuke by Draghi and the controversial reaction of Minister Savona - Meanwhile, the ECB is launching an investigation into…
As a consequence of Italy's downgrade, the American agency has launched a series of downgrades - Generali, Leonardo and Rai are saved
Market test on the downgrading of Italy's rating and on the response that the Government will give to the European Commission by noon on the maneuver - Meanwhile, FCA sells 100% of Magneti Marelli for 6,2 billion dollars - China opens…
The American agency downgrades Italy's rating from Baa2 to Baa3 with a stable outlook and government bonds just above the "junk" level - In the crosshairs the expenses for the basic income and for the 100% of the pensions - "Very…
In a letter sent to Tria, Eurocommissioners Moscovici and Dombrovskis express the EU's "grave concern" over the "significant deviation" from European parameters - If there are no other corrections by the 15th, the clash is inevitable with repercussions…
From “THE RED AND THE BLACK” by ALESSANDRO FUGNOLI, Kairos strategist – An intermediate phase of cautious neutrality on the part of the rating agencies could now open for Italy. The focus shifts to the surroundings and above all to the target Germany…
The American rating agency does not downgrade Italy and considers it unlikely that our country will leave Europe but warns that the size of the public debt makes us more exposed to potential shocks - VIDEO.
Btp auction ok but the ten-year yield jumps to 3,25%, the highest since March 2014 - Piazza Affari reduces losses but fears tomorrow's verdict from the Fitch agency.
The rating agency awaits the government's new budget maneuver before making a decision, but the big brokers argue that any overrun of the deficit/GDP ratio by 3% could cause the spread to rise up to 470 basis points - Today the…
Cattolica's stand-alone credit profile (SACP) is confirmed at bbb+, one notch higher than the BBB financial strength rating.
The American rating agency files its GDP growth estimates for this year and next. "Uncertainty about the continuation of fiscal consolidation has led to higher bond yields and could continue." "Structural reforms unlikely to be launched"
From September, the Bcc of Castagneto Carducci will make the company's rating available free of charge to all SMEs who want it, which will become a fundamental passport for companies on the credit market and will improve relations between banks and companies…
The American agency confirmed Unicredit's long-term 'BBB' and short-term 'A2' ratings - No changes even for Ubi's long-term and short-term ratings, at BBB-/A-3 - Stable outlook for both the institutes
The US rating agency noted that "Italian GDP is still below that of 2007, but in any case there are positive signs". Istat also presents positive data on retail sales: +1,1% in November…
The increase in the Italian rating by the S&P agency should reward Italian debt by allowing BTPs to reduce the spread on German Bunds below the 150-160 bps threshold - The example of Portugal - Let's not waste the opportunity with maneuvers …
The Standard & Poor's agency has raised Italy's rating after 15 years: from BBB/A-3 to BBB/A-2 with a stable outlook - Growth estimates have been revised upwards for Italy, which should achieve the a deficit of 2,1% of GDP
Fitch has decided to maintain a negative outlook on Italian credit institutions mainly due to the high presence of NPLs.
The US rating agency is concerned about the growth of loans. The outlook remains stable.
Monte dei Paschi is also in the red in the first six months of the year due to the strong devaluations for previous losses - But the entry into the capital as majority shareholder opens a new chapter in the history of the oldest bank…
The first Report on financial sustainability, drawn up by 20 experts from the European Commission including the Italian Flavia Micilotta, recommends a paradigm shift in companies and a new corporate culture that knows how to "put sustainability at the heart of the financial system"…
The Bologna-based group is under observation by the American rating agency, in particular as regards those referring to long-term and senior unsecured debt. The establishment of the bad bank, according to Moody's, will have a marginal impact on the capital of…
From October, the recognition of the Antitrust will be visible in the Chamber of Commerce certificates - Emilia-Romagna leader of certified companies, 4 out of 10 in manufacturing
Mirko Sanna, financial service director of Standard & Poor's underlines which and how much risks Veneto banks run - Investor perception will be fundamental - A further downgrade of Veneto Banca's rating could cause losses for…
The American agency has reduced the rating on the former British colony from Aa2 to Aa1, which has already begun to protest strongly
Fears of a slowdown in growth prevail. Beijing responds and awaits the judgment of S&P.
The outlook is also stable - The agency's forecasts are for a GDP up by 0,9% this year and by 1-1,2% between 2018 and 2020.
Rating agency accuses low growth and political instability - The outlook for the banking sector is "negative" and this is mainly related to the challenges of reducing non-performing loans and weak profitability.
The Welfare Index PMI, an initiative promoted by Generali Italia with the participation of Confindustria, Confagricoltura, Confartigianato and Confprofessioni, presents the 2017 Report and introduces the first corporate welfare rating for companies
The judgment weighs "a combination of factors - reads the note - including uncertainty regarding the political ability to support efforts for structural reforms and the continued weakness of the banking system, in a period of growth fragility"…
Stable outlook - Short-term judgment also reiterated Prime-2 - With the maxi increase on the way, according to the agency, the Bank will be in a better position to face the challenges awaiting the Italian credit market.
Moody's declared that the confirmation of Generali's ratings, with a stable outlook, "reflects above all the Group's business diversification outside Italy".
The bank of the Unicredit group led by Alessandro Foti launches a new personal loan system that allows customers to obtain instant approval and real-time crediting of a loan of up to 10 thousand euros thanks to a sophisticated…
The valuation slips into the "non investment grade" area and the outlook is still "negative" - The downgrade reflects the prospect of a further worsening of the country's debt levels in a context of low growth.
According to the US agency, “despite the initial promises, it is unlikely that the government's strategy will be able to reverse the dynamics of the economy with respect to its deterioration in the next two or three years” - The BoJ confirms the ultra-expansive monetary policy.
Credit Suisse analysts analyze the impact on corporate bonds of S&P downgrade on Brazilian foreign currency debt - Among the Brazilian companies probably most affected are Banco Bradesco, Braskem and Petrobras - But the market already…
According to the agency, Leo deserves the upgrades for the incisive action of the management and for the income performance to come.
The US agency's move came following the introduction of the new methodology on bank valuations
The long-term rating on the Italian Bank's deposits and Senior Unsecured debt was raised from Baa2 to Baa1.
