Rus News Journal

S &P has lowered a rating of Italy on one step

the International rating agency Standard and Poor ’ s (S &P) has lowered on one step a credit rating of Italy, with And + to And, with the negative forecast. Experts have explained the decision worsening prospects of growth of the third economy of a zone of euro, and also political instability in the country. As marks Reuters, the agency decision became unexpected for the markets and can strengthen fears concerning distribution of debt crisis to region.

the Cumulative debt of Italy makes 1,9 trln euro. Last week the government has spent through parliament the project of reduction of a state debt on 59,8 mlrd euro, having promised that the country will return to the balanced budget by 2013. However in S &P consider that low rate of increase of economy, and also the loosened ruling coalition and split in parliament, most likely, will prevent these plans.

In our opinion, the measures included in the schedule of realisation of the National plan of reforms of Italy, hardly probable will improve economic indicators of the country, especially against toughening of financial conditions and measures of rigid economy of the government — has declared agency.

According to sources Reuters, Berlusconi`s government Silvio is going to lower the forecast on growth of economy with 1,1 to 0,7 % this year whereas the next year their expectations on growth will make 1 % or more low .

Step S &P has taken the markets unawares as was considered that is faster Moody ’ s the first will lower a sovereign rating of Italy. However last week Moody ’ s has informed that will postpone the decision on a rating of Italy for one month.

World stock markets have reacted to decision S &P decrease. Following the results of the auctions the key indicator of stock exchange of Tokyo Nikkei has lost 1,61 %, having decreased to 8721,24 points. The index of actions of first echelon Topix has fallen on 1,7 %, to 755,04 points. The European share markets have opened decrease, however then have won back losses. To 12. 05 MOSCOW TIME a Pan-European index blue counters FTSEurofirst 300 has grown on 0,42 %, to 19,94 points. The British index FTSE 100 has grown up on 0,38 %, to 5279,31 points, German DAX has grown on 0,79 %, to 5458,54 points, French CAC 40 has added 0,35 %, to 2950,36 points.

After the message on decrease in a credit rating of Italy the uniform European currency has fallen to a minimum of session 1,3599 dollars, but later also has won back a part of losses. To 12. 10 Moscow time the euro has fallen to dollar to 0,12 %, to 1,3669 dollars