Credit Rating Report

DBRS Morningstar Revises Italy’s Trend to Stable, Confirms BBB (high) Rating

Sovereigns

Summary

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Republic of Italy’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (high). At the same time, DBRS Morningstar confirmed the Republic of Italy’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all ratings has been changed to Stable from Negative.

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