Standard & Poor's Ratings Services raised the Italian economic risk ratings, and reduced by 15 Italian banks rating on the grounds that the extent and duration of the country's economic recession will be higher than the agency initially expected. The rating agency said that the Italian economy a severe recession, may lead to the asset size of the Italian banking industry this year and next than previously expected levels, and higher than in other European countries the banking sector. Moreover, the provision coverage ratio of assets of the Italian banking problems in the past few years has declined.
 
Standard & Poor's Italy's economic risk ratings from 4 to 5, that the Italian economy is very high credit risk. Standard & Poor's confirm the Italian banking industry country risk assessment is 4.
 
Standard & Poor's expects that the end of 2013, the asset size of the Italian banking problems will rise to 218 billion euros; affected by the downturn in late 2011, 166.0 billion euros, more than doubled over the 75 billion euros in 2008 .
 



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