As the title to the post implies, this is from late Friday
- Ratings agency Fitch has revised Italy's Outlooks to Negative from Stable
- Has affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB+'
Fitch citing:
- Weak growth
- High debt
- Uncertain outcome of the upcoming referendum (vote on constitutional reform)
Fitch said the political uncertainty of the referendum could impact on Prime Minister Renzi's future (Renzie has indicated he may resign if the result is a no to reform). The latest polls have the outcome of the referendum being too close to call.
