Fitch: Italian Regional Development Agencies' Role to Grow

September 29, 2015 9:34 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Italian Regional Development Agencies - Growing Support to Complement Regional Economic Recovery here MILAN/LONDON, September 29 (Fitch) Fitch Ratings says it expects regional development agencies (RDAs) in Italy to take on a bigger role in implementing anti-cyclical and development policies to help regions post balanced budgets from 2015 as mandated by national legislation.

The regions have decentralised some of their responsibilities to RDAs, ranging from managing guarantee funds, supporting credit, employment, innovation and internationalisation of local SMEs. Fitch also sees RDAs increasingly promoting SMEs' access to capital markets, in particular the still feeble ...

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