Martedì, 23 Ottobre 2018

Italy's credit crunch spreading to businesses of all sizes


Milan, June 6 - Italy's credit crunch is expanding
beyond medium and large enterprise and bleeding into small
businesses too, Standard & Poor's director of corporate ratings
in Italy said on Thursday.
"Until now, difficulty accessing credit effected
predominately medium and large companies, but now it has become
a problem for all," Standard & Poor's Renato Panichi said.
"Italy remains 'bankcentric' but company bonds will
increase significantly," Panichi said.
"There are a lot of opportunities for Italian companies,
but we are still a little behind other competitor countries,"
the rating agency's southern Europe director, Maria Pierdicchi,
"While it is true that our companies and production is
different, smaller and more fragmented, we have many fine
businesses that could successfully access corporate bonds,"
Pierdicchi said.

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