Moody's Investors Service said late Friday that it is continuing its review of Italy's Aa2 ratings for possible downgrade but plans to reach a decision in October.
Italy's ratings were initially placed on review in June due to the country's macroeconomic structural weaknesses and risks related to its consolidation plans.
"In light of the increasingly challenging economic and financial environment and fluid political developments in the euro area, Moody's is continuing to evaluate Italy's local and foreign currency bond ratings in the context of the risks identified," said the ratings agency in a statement.
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