Italy Stands Out to Moody’s as Only Country Risking Junk
- Ratings company is due to release credit assessment on May 19
- Remarks on ‘fallen angels’ follow S&P affirming stable outlook
Tourists walk along San Marco pier in Venice, Italy.
Photographer: Andrea Merola/BloombergThis article is for subscribers only.
Italy is the only country that could lose its investment-grade rating at Moody’s Investors Service, the company said on Tuesday.
In a report surveying how nations have dealt with downgrades to junk over the past three decades, the euro zone’s third-biggest economy was highlighted as a prominent candidate for such a status adjustment. Moody’s didn’t give a view on the likelihood of that happening.