Meloni Wins Hope of Moody’s Italy Upgrade From Brink of Junk
- Moody's Ratings shifted Italy's outlook toward a possible upgrade on May 23, 2025, after Premier Giorgia Meloni’s fiscal efforts improved market sentiment.
- This event follows Moody's negative outlook in August 2022, which shadowed Meloni’s election and reflected Italy’s high debt and slow growth challenges.
- Support from S&P Global and positive signals from Fitch and DBRS, along with Italy's reduced bond yield spreads, indicate growing investor confidence despite persistent fiscal risks.
- Moody's cited a more positive fiscal forecast driven by stronger-than-anticipated budget results this year and a steady political climate, Finance Minister Giancarlo Giorgetti stated.
- The potential upgrade underscores the government's challenge to maintain a deficit below 3% amid economic and geopolitical pressures, leaving Italy’s elevated debt a lasting constraint.
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Moody's Confirms the "Baa3" Rating of Italy and Raises the Outlook to Positive. Giorgetti: "Fruit of Serious Work"
Moody's Ratings has confirmed the rating of "Baa3′′ of Italy and has raised the outlok from stable to positive. It is announced by the international rating agency in a statement. The change of the outlook to positive, Moody's points out, reflects the improvement of fiscal prospects against the background of a better tax performance than expected in 2024 and of a stable domestic political environment that increases the probability that fiscal par…
·Rome, Italy
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