Ratings agency DBRS places Italy under review with negative implications

August 5, 2016 9:02 PM

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ROME Aug 5 Credit ratings agency DBRS said on Friday it was placing Italy under review with negative implications, casting doubt over the country's last "A" grade rating from a major agency.

DBRS rates Italy A (low) making it the only one of the four agencies whose ratings the European Central Bank uses to set collateral requirements for its lending to banks, that ranks the country in the 'A' band, in the middle of investment grade.

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