Last Friday, Standard & Poor's upgraded Italy's rating to BBB (previously BBB-), saying that Italy's economy recovered strongly, and the risks posed by the banking industry to the economic prospects were reduced, but public debt was high; The prospect of maintaining stability.

Standard & Poor's said on Friday that the prospect of upgrading Italy's rating from BBB- to BBB is stable. Italy's economic recovery is strong, private investment and labor market are improving.

The rating agency pointed out that the reasons for upgrading the rating include: improved economic prospects, expansionary monetary policy, reduced banking risks and expectations that the government will be able to reduce the debt-to-GDP ratio.

Standard & Poor's analysts pointed out: "The stable prospect balances stronger economic growth and further improvement of monetary transmission mechanism in the next two years, and also partially avoids persistent political uncertainty and its potential adverse impact on economic and budgetary credit measures."

In addition, Standard & Poor's confirmed the British AA/A- 1+ rating, and the outlook is still not negative. He also said that it is expected that the European Central Bank will announce a slowdown in asset purchases in the first half of 20 18, and may completely end the QE plan in the first half of 20 19.

At the same time, Fitch also confirmed the AA rating of the UK, with a negative outlook.

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