DBRS Assigns Short-Term Sovereign Ratings of R-1 (low) to Italy, Stable Trend

DBRS Ratings Limited (DBRS) has today assigned R-1 (low) short-term issuer ratings with a Stable trend to the local and foreign currency debt of the Republic of Italy. The R-1 (low), Stable trend ratings are consistent with DBRS’s long-term issuer ratings on the local and foreign currency debt of “A” with a Negative trend, as per DBRS’s rating scales.

Notes:
The principal applicable methodology is Rating Sovereign Governments, which can be found on our website under Methodologies. The principal applicable rating policies are Commercial Paper and Short-Term Debt, and Short-Term and Long-Term Rating Relationships, which can be found on our website under Rating Scales.

The sources of information used for this rating include the Italian Ministry of Economy and Finance, the Bank of Italy, IStat, Eurostat, JEDH, UN, Doing Business, OECD, BIS, World Bank, IMF. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This is an unsolicited rating. This credit rating was not initiated at the request of the issuer.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Lead Analyst: Giacomo Barisone
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 3 February 2011
Most Recent Rating Update: 8 August 2012

For additional information on this rating please refer to the linking document under Related Research.