Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable

Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable
Published Apr 18, 2025
5 pages (2135 words) — Published Apr 18, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 11, 2025, we raised our unsolicited long-term sovereign credit ratings on Italy to 'BBB+' from 'BBB' on external buffers and monetary flexibility. The tight links between the central government and Italian local and regional governments (LRGs) mean that we continue to cap the ratings on the City of Milan at the level of our sovereign ratings on Italy. We therefore raised our long-term ratings on Milan to 'BBB+' from 'BBB'. The stable outlook mirrors that on Italy. On April 18, 2025, S&P Global Ratings raised its long-term issuer credit rating on the City of Milan to 'BBB+' from 'BBB'. The outlook is stable. As a 'sovereign rating' (as defined in EU CRA Regulation 1060/2009 'EU CRA Regulation'), the

  
Brief Excerpt:

...Key rating factors Scores Institutional framework 3 Economy 1 Financial management 2 Budgetary performance 2 Liquidity 1 Debt burden 3...

  
Report Type:

Research Update

Ticker
1056Z@IM
Issuer
Milan (City of)
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable" Apr 18, 2025. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-City-of-Milan-Upgraded-To-BBB-From-BBB-Following-A-Similar-Action-On-Italy-Outlook-Stable-3355801>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: City of Milan Upgraded To 'BBB+' From 'BBB' Following A Similar Action On Italy; Outlook Stable Apr 18, 2025. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-City-of-Milan-Upgraded-To-BBB-From-BBB-Following-A-Similar-Action-On-Italy-Outlook-Stable-3355801>
  
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