London, August 28, 2015, ARC Ratings S.A. (ARC), a global rating agency, has assigned a long-term foreign currency issuer rating to the Republic of Italy of “BBB.” The agency also assigned a long-term local currency issuer rating of “BBB” to Italy. The outlook on both ratings is stable. In addition, the agency assigned foreign currency and local currency country ceilings of “AA” to Italy, and short-term sovereign ratings of A-2. All ratings assigned are unsolicited.