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Rating On Italian City of Milan Lowered One Notch To 'BBB' After Sovereign Rating Action; Outlook Remains Negative

Published Jul 16, 2013

About This Report

Abstract:

OVERVIEW On July 9, 2013, we lowered our unsolicited long-term sovereign rating on Italy to 'BBB' from 'BBB+'. Under our methodology, we cap the ratings on local and regional governments at the level of our long-term rating on Italy. We are therefore lowering our long-term rating on the Italian City of Milan to 'BBB' from 'BBB+'. The negative outlook mirrors that on Italy, reflecting the possibility that we could lower the rating on Milan should we lower our ratings on Italy. RATING ACTION MILAN (Standard&Poor's) July 16, 2013--Standard&Poor's Ratings Services said today it lowered its long-term issuer credit rating on the Italian City of Milan to 'BBB' from 'BBB+'. The outlook is negative. RATIONALE The rating

Report Type:

Ratings Action

Ticker

1056Z@IM

Issuer

Milan (City of)

Sector

Global Issuers

Country

Italy

Region

Europe, Middle East, Africa

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Rating On Italian City of Milan Lowered One Notch To 'BBB' After Sovereign Rating Action; Outlook Remains Negative" Jul 16, 2013. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Italian-City-of-Milan-Lowered-One-Notch-To-BBB-After-Sovereign-Rating-Action-Outlook-Remains-Negative-1160968>

APA:	S&P Global Ratings’ Credit Research. (). Rating On Italian City of Milan Lowered One Notch To 'BBB' After Sovereign Rating Action; Outlook Remains Negative Jul 16, 2013. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Italian-City-of-Milan-Lowered-One-Notch-To-BBB-After-Sovereign-Rating-Action-Outlook-Remains-Negative-1160968>

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