LONDON, June 24 Europe's peripheral countries
are still struggling in the light of relatively low credit
ratings and would like to see a return of "A"-grade ratings
soon, Italy's head of public debt issuance said on Tuesday.
"A lot of foreign investors are coming back quite
largely...but for some of the more conservative ones which rely
a lot on ratings, being in triple B plus category is not
helping," Maria Cannata told a bonds conference in London.
Answering the same question in a panel discussion, Yves
Lemay, a senior official from ratings agency Moody's, said:
"There has been some significant material progress (by
highly-indebted euro zone countries), some of that has been
reflected in the ratings, but the challenge ahead remains
(Writing by Patrick Graham)