(The following statement was released by the rating agency)
MILAN/PARIS/LONDON, July 29 (Fitch) Fitch Ratings has affirmed
the Italian
Region of Valle d'Aosta's (VdA) Long-Term Foreign and Local
Currency Issuer
Default Ratings (IDRs) at 'A' with Stable Outlooks and
Short-Term Foreign
Currency IDR at 'F1'. The Long-term ratings on the region's
senior unsecured
bonds have also been affirmed at 'A'.
The affirmation reflects the continued strong financial autonomy
of VAT, due to
the region's sp
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