S&P: Italy's ratings not immediately affected by elections result

The S&P rating agency has just published its own verdict about the political gridlock in Italy, after no party won a majoriityt in the Senate, which makes the chances of governability in the country, slim to say the least. According to S&P, the election result has no immediate implications for Italy's BBB+ sovereign rating, however, it warns that the uncertainty in policies are "numerous".