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Stock impact report

UPDATE 2-Italian government bonds rally on S&P ratings relief [Reuters]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Reuters
UPDATE 2-Italian government bonds rally on S&P ratings relief (Adds graphic, updates prices) By Abhinav Ramnarayan LONDON, April 27 (Reuters) - Italian government bond yields dropped on Monday after S&P Global left the country’s credit rating unchanged late on Friday, calming worries about a potential junk rating for the euro zone’s third largest economy. Many analysts expect Italy’s already-high debt to soar to around 150% of gross domestic product as it grapples with the economic damage caused by the coronavirus. Concerns were mounting that it would also lose its investment-grade status along the way, potentially pushing its debt costs far higher. But S&P Global on Friday affirmed Italy’s credit rating at ‘BBB/A-2’ - two notches above junk - saying that the country’s diversified and wealthy economy and net external creditor position partly offset a drag from high public leverage. “It diminishes the risk of investors dashing out of Italian bonds in case of a downgrade into junk, part Show less Read more
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