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Fitch revises outlook on 3 Italian government-related entities

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Fitch revises outlook on 3 Italian government-related entities

Fitch Ratings on Sept. 7 affirmed the the long- and short-term issuer default ratings of Italian government-related entities Cassa depositi e prestiti SpA and Poste Italiane SpA at BBB/F2 and those of Cassa del Trentino SpA at A-/F1, and revised the outlook on the long-term ratings to negative from stable.

The outlook revision follows the recent revision of Italy's outlook to negative from stable, and reflect the firms' credit links to the country's national and local and regional governments.