By Reuters Staff
2 Min Read
LONDON, Jan 28 (Reuters) - Italy’s latest political crisis won’t affect the country’s sovereign credit rating for the time being, one of S&P Global’s top analysts has said.
The Italian government paid its highest borrowing costs in three-months at a bond auction on Thursday, after the resignation of Prime Minister Giuseppe Conte this week amid political turmoil in Europe’s fourth-biggest economy.
“I don’t think it’s anything necessarily particularly relevant to the policy stance in Italy yet. Of course it’s something that we’re watching though,” one of S&P’s EMEA analysts Frank Gill told Reuters.
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