News Headline Summary

Fitch affirms Italy's sovereign rating at 'A-' outlook negative

Says:
- Ratings assumes that a stable new government is to be formed shortly after elections.
- 2013 outlook for Italian banks remains negative.

Update details:

- This comes as no surprise, Italy is currently rated Baa2 outlook negative by Moody's and BBB+ outlook negative by S&P.

Print 17:30, 14 Dec 2012 - Rating Agency comments - Source: Newswires