itch Ratings has revised Italy's Outlooks to Negative from Stable, while affirming the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB+'. The issue ratings on Italy's senior unsecured foreign- and local-currency bonds are also affirmed at 'BBB+'. The Country Ceiling is affirmed at 'AA+' and the Short-Term Foreign-and Local Currency IDRs at 'F2'. The issue ratings on Italy's short-term foreign currency commercial paper and short-term local currency bonds have also been affirmed at 'F2'. KEY RATING DRIVERS The revision of the Outlook to Negative reflects the following key rating drivers and ... (full story)