Friday, July 29, 2016

Fitch Affirms Autonomous Region of Sardinia at 'A-'; Outlook Stable

(The following statement was released by the rating agency)

MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed

the Autonomous

Region of Sardinia's Long-Term Foreign and Local Currency Issuer

Default Ratings

(IDRs) at 'A-' with Stable Outlooks and Short-Term Foreign

Currency IDR at 'F2'.

The affirmation reflects Sardinia's sound and stable budgetary

performance,

underpinned by strong financial autonomy that is reflective of

the region's

special status, as well as the region's low

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