S&P may cut Rome's A-plus bond rating

A

ASusilovic

May 27 (Reuters) - Standard & Poor's may cut Rome's long-term issuer credit rating, the firm said on Thursday, saying it was concerned about the Italian capital's ability to generate revenue.

S&P placed Rome's A-plus rating, the fifth-highest, on negative credit watch, suggesting a potential rating cut.

S&P said the change was prompted by a package of fiscal measures for the city, which was approved by the Italian council of ministers on Tuesday.

Italy joined other European nations in adopting austerity measures, approving 24 billion euros of deficit-reducing cuts that target public workers and local government

http://www.reuters.com/article/idUSN274934720100527
 
I was in Rome in March and read a article in a local news paper that talked about Lazio's "debito occulte" or hidden debt. The municipality used a swap structure to mask a substantial sum of debt.
 
Quote from FerdinandAlx:

I was in Rome in March and read a article in a local news paper that talked about Lazio's "debito occulte" or hidden debt. The municipality used a swap structure to mask a substantial sum of debt.
More...

Was it Goldman's work?
 
You must log in or register to reply here.
Back
Top