The government contract between the anti-migrant Euroskeptic League and the anti-establishment 5-Star Movement (M5S) "increases the risks for the sovereign-debt profile, in particular through a budget easing and a potential damage to confidence", Fitch said Monday. The ratings agency said "it is uncertain to what extent these risks will translate into a weaker credit rating, it will depend on the government's capacity to implement its programme". The two parties have unveiled a populist programme that will aim to breach EU spending limits.
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