Analysts at TD Securities suggest that in Italy focus turns towards S&P rating review on country’s “BBB” sovereign rating.
Key Quotes
“We expect S&P to keep Italy’s rating unchanged but revise its outlook to “negative”. This should be relatively neutral on BTPs as markets seem priced for such a move. The ECB’s Draghi and Coure deliver speeches at 10am and 10:15am ET respectively.”
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