Moody's Investors Service recently confirmed its triple-A rating for all three tranches on the Italian state social security body's EURO4.65 billion securitization of social security assets.

However, Moody's said that it had serious concerns that "certain negative developments might result in pressure on the existing ratings" of the deal from Istituto Nazionale della Previdenza Sociale (INPS) - and yet again the troubled deal has become the subject of unwelcome speculation in the European market.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.