Italy's Bagnai: Sovereign debt downgrade is possible given the current climate
Further comments by Italy's senator Alberto Bagnai
- Technocrat government impossible regardless of bond yields spread
Bagnai is surely not painting a pretty picture for Italian bond investors to price in. Do be reminded that S&P will be reviewing Italy on 26 October while Moody's have stated that they will do so "at the end of the month".