S&P affirms Italy at BBB, stable outlook

No problems in the Eurozone bond market at the moment

BBB is a poor sovereign rating but if you can borrow like Italy at 1.56% for 10 years then your rating doesn't matter.

In any case, the growth picture has finally stabilized. S&P said the modest recovery is on track with GDP expected up 0.8% this year and forecast to rise 1.3% in 2016 and the same pace in 2017.