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2018/02/28 / Erste Group Research

Credit Markets Weekly | Märkte blicken gelassen auf Italien

In Italien (Baa2/neg., BBB/stab., BBB/stab.) stehen am kommenden Sonntag, den 4. März Parlamentswahlen an. Anders als bei den Wahlen in Frankreich oder Deutschland letztes Jahr widmen die Märkte der italienischen Politik allerdings wenig Aufmerksamkeit.

Dabei wären weitere Reformen und eine Schuldenrückführung unter den günstigen Voraussetzungen der Wirtschaftserholung und niedriger Zinsen nun ein Gebot der Zeit. Mit einer Verschuldung von über EUR 1.900 Mrd. bzw. 130% des BIP und einem Anteil von rund 25% ist Italien der größte staatliche Emittent in der Eurozone.

An den Kreditmärkten dürfte sich die Entspannung unterdessen weiter fortsetzen, die durch die sich auf hohem Niveau leicht abschwächenden vorlaufenden Indikatoren unterstützt wird, während die Corporate-Spreads auf niedrigem Niveau leicht nach oben tendieren.

Spezialthemen der Woche:
- Ausblick: Bundesländer-Budgets 2018

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General information

AuthorErste Group Research
Date2018/02/28
Languagede
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-
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