Italian government plans could boost CDP debt, Fitch says
Rating agency warns that rapid repayments could hurt agency04 March, 19:05
"Plans to use...CDP to accelerate repayment of Italian public sector arrears could put pressure on CDP rating if it eventually increases its non-government guaranteed debt level," the agency said in a statement.
Last year, former premier Enrico Letta pledged to pay off 20 billion euros in outstanding bills in 2013 with another 20 billion euros to be repaid in 2014.
His successor Renzi last week said that paying all government bills owed to business was the first priority of his administration to help revive the economy.