07/09/2024
https://www.thelocal.it/20231118/experts-upgrade-italys-economic-outlook
The US ratings agency Moody's announced Friday it had upgraded the country's outlook to "stable" from "negative," citing its significant economic strengths.
"The decision to change the outlook to stable from negative reflects a stabilization of prospects for the country's economic strength, the health of its banking sector and the government's debt dynamics," Moody's said in a statement.
It added that the decision to maintain Italy's credit rating above junk status at Baa3 was supported by its "significant economic strengths, including its robust manufacturing sector, high household wealth, and the low indebtedness of the private sector."
Moody's joins rivals Fitch and S&P Global Ratings in reaffirming Italy's investment-grade rating in recent weeks, providing a much-needed boost to the economic plans laid out by Prime Minister Giorgia Meloni's hard-right government.
The US ratings agency Moody's announced Friday it had upgraded the country's outlook to "stable" from "negative," citing its significant economic strengths.
