Friday, July 29, 2016

Fitch Affirms Italian Region of Valle d'Aosta at 'A'; Outlook Stable

(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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