S&P gives Rome a BBB rating, stable outlook

(ANSA) - ROME, AUG 10 - Standard and Poor's on Saturday upped its assessment of Roma Capitale's economic and financial reliability prospects, assigning it a BBB long-term rating with a stable outlook.
    The rating agency's judgement is also based on the city's 'healthy and diversified' economy and 'the central government's financial support for Rome' including the 'granting of executive powers to the mayor of Rome on the issue of waste'.
    "The central government will fully finance the works related to the city's metro lines and manage the legal pendencies related to past works," notes the agency, which also points to "the financial support from the EU's Revolving Fund and the subsidies related to the 2025 Jubilee that will help Rome meet its investment needs without accumulating significant additional debt." (ANSA).