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| Brief Excerpt: | ...The coronavirus pandemic has hit Italy (BBB-/Stable) heavily. The Italian government ordered a complete lockdown of the country to contain the spread of the coronavirus. While there has been a partial reopening since 4 May, it is difficult to predict the full lifting of the measures. Fitch Ratings forecasts that GDP will contract by 8% in 2020 (compared with a Fitch-expected increase of 0.4% in December 2019), with a 3.7% increase in 2021. The recent market turbulence caused a spike in the spread between Italian and German 10-year-bond yields, of more than 300bp, but the asset- purchase measures announced by the ECB reduced it to around 250bp. The ultimate impact of coronavirus on ratings is highly uncertain, and will depend on the extent of its eventual spread, the knock-on effects of measures introduced to control it and their duration.... |
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| Report Type: | |
| Company(ies) | Enel S.p.A.
, ENI SpA
, Telecom Italia SpA/Milano
, Acea SpA
, Terna - Rete Elettrica Nazionale Societa Per Azioni
, C.V.A. S.p.A. a s.u.
, TeamSystem SpA
, EI Towers SpA
, Webuild SpA
, Officine Maccaferri SpA
, Snam S.p.A.
, CDP Reti S.p.A.
, Iren SPA
, Italgas SPA
, Alperia SpA
, DEPOBANK - BANCA DEPOSITARIA ITALIANA S.P.A
, ERG SpA
, Flos B&B Italia Group S.p.A. |
| Issuer | Webuild S.p.A. |
| Format: | | PDF |  |
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