22 November 12:40
Moody's has upgraded Italy's rating to 'Baa2', reflecting political stability under Prime Minister Giorgia Meloni and economic improvements.
Sanziana Georgescu
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International
sursa foto: shutterstock.com
Italy obtained on Friday its first credit rating upgrade from Moody's in over 23 years, rising to 'Baa2' with a stable outlook. This represents a victory for Prime Minister Giorgia Meloni, who took office during a period when the country was close to the 'junk' category limit. The rating review reflects political stability and the effectiveness of economic and fiscal reforms, as well as investments under the National Recovery and Resilience Plan (PNRR).
In the past, Italy's rating was downgraded, reaching 'Baa3' in 2018, and the outlook was revised to negative in 2022. The Meloni government has implemented measures to stabilize the debt, which remains the second highest in the eurozone, and has reduced the budget deficit to below 3% of GDP. Additionally, other rating agencies, such as S&P and Fitch, have improved Italy's rating. Finance Minister Giancarlo Giorgetti emphasized that Moody's decision reflects the country's fiscal efforts, although challenges remain, considering the high debt and an estimated economic growth of only 0.5% for this year.
In the past, Italy's rating was downgraded, reaching 'Baa3' in 2018, and the outlook was revised to negative in 2022. The Meloni government has implemented measures to stabilize the debt, which remains the second highest in the eurozone, and has reduced the budget deficit to below 3% of GDP. Additionally, other rating agencies, such as S&P and Fitch, have improved Italy's rating. Finance Minister Giancarlo Giorgetti emphasized that Moody's decision reflects the country's fiscal efforts, although challenges remain, considering the high debt and an estimated economic growth of only 0.5% for this year.
Sources
Italia primeşte prima creştere de rating Moody’s după 23 de ani. Stabilitatea politică sub Meloni schimbă perspectiva
Victorie pentru Giorgia Meloni: Moody’s a dat prima sa veste bună pentru Italia din ultimii 23 de ani
Italia obţine prima revizuire în creştere din 2002 a ratingului de către Moody’s, datorită stabilităţii politice
Moody's a revizuit pentru prima dată în ultimii 23 de ani în sus ratingul Italiei, pe baza stabilității politice din țară, care permite reforme economice și fiscale - Economica.net
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