Rating Report

DBRS Morningstar Confirms Republic of Italy at BBB (high), Stable Trend

Sovereigns

Summary

DBRS Ratings Limited (DBRS Morningstar) confirmed the Republic of Italy’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (high). At the same time, DBRS Morningstar confirmed the Republic of Italy’s Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend remains Stable on all ratings.