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近日,国际评级机构标普(S&P’s)宣布将意大利长期和短期主权信用评级分别由A+和A—1+下调至A和A一1,展望仍为负面,反映其对意大利经济成长前景趋弱的看法。尽管当前欧债危机的风险远大于之前的美债风险,但是我们认为标普下调意大利主权信用评级,对市场的冲击将远小于当时美债评级下调对市场的影响,此次主权信用评级下调对市场冲击有限。虽然意大利主权信用评级下调会使本已不堪重负的欧债困境雪上加霜,但是这绝对不是压倒骆驼的最后一根稻草。
Recently, S & P’s announced that the long-term and short-term sovereign credit ratings of Italy will be downgraded from A + and A-1 + to A and A-1 respectively. The outlook is still negative, reflecting the weaker outlook for Italy’s economic growth view. Although the current risk of the European debt crisis is far greater than the risk of the previous US debt, we think the S & P downgraded the Italian sovereign credit rating, the impact on the market will be much smaller than the then US debt rating cut on the market, the sovereign credit rating down to Market impact is limited. Although the sovereign credit rating cuts in Italy will make the already overwhelmed debt crisis worse, but this is definitely not the last straw overwhelming the camel.