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Italian banks' ratings by S&P not impacted by possible DBRS downgrade
January 12, 2017 / 12:04 PM / 8 months ago

Italian banks' ratings by S&P not impacted by possible DBRS downgrade

MILAN, Jan 12 (Reuters) - Standard and Poors’ does not see any impact on its ratings on Italian banks, should credit rating agency DBRS downgrade Italy in its planned review, S&P’s analyst for the banking sector said on Thursday.

On Friday DBRS will decide whether to cut its long-term sovereign rating on Italy, in a move that could raise the cost of borrowing central bank funds for the country’s struggling lenders. (Reporting by Giulio Piovaccari; writing by Francesca Landini)

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