Italy Faces 50-50 Risk of Being Downgraded by S&P, Deutsche Says
- Move would bring agency in line with Moody’s, Fitch Ratings
- Market reaction would depend on investor positioning, ECB
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Whether or not S&P Global Ratings downgrades Italian debt this week is a coin toss, according to Deutsche Bank AG.
“We think it’s a 50-50 call as both an unchanged outlook as well as a downgrade could be justified,” wrote Ioannis Sokos, a strategist at Deutsche, citing S&P’s outlook criteria from April.