Fitch affirms BBB- rating
FITCH AFFIRMS AMCO’S INVESTMENT GRADE RATING AT ‘BBB-’ OUTLOOK STABLE
Milan, July 1st, 2020. Today Fitch has affirmed AMCO’s investment grade rating, with the Long-Term Issuer Default Rating (IDR) at ‘BBB-’, with Stable Outlook and the Short-Term Foreign Currency IDR at ‘F3’.
The affirmation follows AMCO’s recent announcements of the BP Bari and the Monte Paschi transactions, which – according to the agency – strengthen AMCO’s proximity to the national Government.
Therefore, Fitch continues to equalize their long-term rating on AMCO with the long-term Sovereign credit rating on Italy.