HALISTER1: DBRS Updates Ratings Calendar, No Italy Review on Sept. 16

DBRS Updates Ratings Calendar, No Italy Review on Sept. 16

(Bloomberg) -- There will be “no additional rating report published on Sept. 16”, after prior publication on Aug. 5, where Italy’s A (low) rating was placed under review with negative implications, DBRS says in press release on its website.
  • Expect this review to be concluded in coming months: DBRS
    • Downgrade from DBRS could prompt sharp increases in haircuts applied by the ECB, which could impact more severely on the pricing of front-end securities, BBVA’s Jaime Costero writes in a client note
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2103Z IM (Republic of Italy)

People
Jaime Costero (Banco Bilbao Vizcaya Argentaria SA)

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