All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIG

Italy’s economic woes weigh on banks as S&P downgrades 17

italy map

The potential for a deeper and longer recession in Italy than originally expected, alongside sustained higher funding costs for the country’s banks, has prompted Standard & Poor’s to downgrade 17 Italian lenders by one notch on Wednesday evening.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree