Italy Wins First Moody’s Upgrade Since 2002 in Win for Meloni

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This is the first time in 23 years that the agency has raised the note of Italy. It climbs from Baa3 to Baa2. France is Aa3, five guts above it.

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Good news for the government of Giorgia Meloni. The Moodys agency has raised, on Friday 22 November, the note of the Italian debt, from "Baa3" to "Baa2", accompanied by a "stable" perspective, reports BFMTV. It highlights the "political stability" and the "efficiency of the economic and fiscal reforms" carried out under the aegis of the President of the Council from the nationalist right. Moodys anticipates "economic policy decisions likely to s…

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For the first time since 2002, the rating agency Moody's has noted Italy's rating from Baa3 to Baa2. It has also added a stable perspective to this rating. "This is a further confirmation of the confidence regained in this government," according to the Minister of Economy.

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The rating agency noted the note of the Italian debt to "Baa2", highlighting the "political stability" and "effectiveness of economic and budgetary reforms".

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Moody's, one of the great agencies that monitor the financial health of the states, has decided to improve, for the first time in 23 years; the Italian debt note. The jump is from Baa3 to Baa2, and it is accompanied by a “stable” perspective. It may seem like a technical detail, but it has a clear political background: it indicates that, for the markets, Italy is no longer the “disease of Europe” that was reproached for instability and budgetary…