Moody's sees little credit impact for Italy from political crisis
MILAN Dec 13 (Reuters) - Moody's said on Thursday political turmoil stemming from the announced early departure of Prime Minister Mario Monti would have limited impact on Italy's sovreign credit rating.
The rating agency said a victory of the centre-left PD party of Pierluigi Bersani, now leading in opinion polls, would likely result in Italy sticking to Monti's reform agenda.
"We expect he will maintain a reform-oriented policy agenda," Moody's said in a research note.
Moody's rates Italy's sovereign debt Baa2, two notches above junk, with a negative outlook.
- U.S. forces carry out operation against al-Shabaab in Somalia
- Fast-food workers to launch intensified protests across U.S.
- Ukraine accuses Russia of 'undisguised aggression' as rebels advance |
- Marilyn Monroe sex film to be kept private |
- Fiji says Syrian rebels want compensation, removal from terror list