Tag: Italy

Italy Debt Rating Raised at Fitch on Robust Economic Outlook

(Bloomberg) — Italy’s credit rating received its first upgrade in four years on Friday, in a sign of confidence in Prime Minister Mario Draghi’s policies that helped the nation’s economy grow faster than the European average.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsFitch Ratings raised Italy one notch to “BBB” with a stable outlook, citing high Covid-19 vaccination
— Read on ca.finance.yahoo.com/news/italy-debt-rating-raised-fitch-224430780.html

Italy Bets on Spending to Grow Out of Its Crippling Debt

(Bloomberg) — Italy plans to dramatically expand public investment, focusing on boosting growth rather than reining in debt as the government plots its way out of the worst recession in a century.State investment will rise above 3% of gross domestic product over the next four years from 2.3% in 2019
— Read on ca.finance.yahoo.com/news/italy-bets-public-spending-grow-170805212.html

Italian Bonds Slide After Fitch’s Out-of-Cycle Downgrade

(Bloomberg) — Italian sovereign bonds fell after Fitch Ratings downgraded the nation’s rating by a notch to BBB-, just one level above junk.Yields on 10-year bonds jumped 10 basis points to 1.82%, erasing much of this week’s decline following a decision by S&P Global Ratings to keep the nation’s credit
— Read on ca.finance.yahoo.com/news/italian-bonds-edge-fitch-cycle-021414054.html

Italy’s Rising Reputation With Investors May Get Ratings Boost

(Bloomberg) — S&P Global Ratings is set to issue its first major statement on Italy’s finances since the country’s fledgling coalition government took power, in what could provide a further boon to its sovereign debt.Italian bonds are the best performers in the euro area this year, with a 13% return
— Read on ca.finance.yahoo.com/news/italy-rising-reputation-investors-may-040000294.html

Mario Draghi’s Last Salvo of Stimulus Is Under Threat

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Mario Draghi’s bid to reactivate bond purchases in a final salvo of stimulus is being threatened by the biggest pushback on policy ever seen during his eight-year reign as European Central
— Read on ca.finance.yahoo.com/news/mario-draghi-last-salvo-stimulus-040010201.html

Fitch Spares Italy From Downgrade Amid Fresh Political Crisis – Bloomberg

Fitch Ratings affirmed Italy’s credit rating Friday, giving the country a respite as it plunges into a new phase of political instability and probably early elections.
— Read on www.bloomberg.com/news/articles/2019-08-09/fitch-spares-italy-from-downgrade-amid-fresh-political-crisis

Milan Real Estate Prices Surge as Billionaires, Funds Buy In

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Real estate investors from Azerbaijan’s sovereign wealth fund to Blackstone Group Inc. and UBS Group AG are cashing in on a surge in demand for prime Milan offices that’s pushing prices to new
— Read on ca.finance.yahoo.com/news/milan-real-estate-prices-surge-083323513.html

Italy Cuts 2019 Deficit Goal to 2% in Bid to Avoid EU Procedure

(Bloomberg) — Italy’s populist government lowered its 2019 budget deficit in a bid to comply with European Union rules and avoid sanctions for failing to rein in debt.The deficit is now expected to be 2.04% of economic output, according to a person familiar with the issue who asked not to be identified
— Read on ca.finance.yahoo.com/news/italy-cuts-2019-deficit-goal-055254991.html