- Italian bank shares are heading lower after DBRS cut Italy's credit rating to BBB from A, warning the banking sector remains weak amid a fragile economy.
- The move means Italy's lenders will have to pay more to borrow money from the European Central Bank when they use the country's bonds as collateral.
- Related tickers: EWI, HEWI, DBIT, OTCPK:UNCFF, OTCPK:IITSF, OTCPK:IITOF, OTC:MDIBF, OTCPK:ISNPY, OTCPK:BPESY, OTCPK:UNCFY, OTCPK:MDIBY, OTCPK:BPESF, BMDPD, OTCPK:BMDSD, OTCPK:BMDPY
DBRS lowers Italy's credit rating
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Symbol | Last Price | % Chg |
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UNCFF | - | - |
UniCredit S.p.A. |