S&P confirms Italy rating at BBB, outlook stable - English
Standard & Poor's on Friday night confirmed Italy's credit rating at BBB with a stable outlook. © ANSA Standard & Poor's (S&P) has confirmed Italy's credit rating at BBB with a stable outlook, despite falling growth forecasts. This does not affect the country's ability to service its high debt, the second highest in the eurozone after Greece's. This is the first judgement on the government's 2024 budget bill, which the government is convinced it has acted with balance and prudence. S&P's decision was made by Premier Giorgia Meloni and Economy Minister Giancarlo Giorgetti. Fitch and Moody's will issue their latest ratings of Italy’s credit shortly after.
Veröffentlicht : vor 2 Jahren durch in Business Finance
(ANSA) - ROME, OCT 21 - Standard & Poor's on Friday night confirmed Italy's credit rating at BBB with a stable outlook.
Although Italy's growth forecasts have fallen, it said, that does not change the score on the country's ability to service its high debt, the second highest in the eurozone after Greece's.
This was the first judgement on the government's 2024 budget bill, on which the government is convinced it has acted with balance and prudence, as reiterated lately by Premier Giorgia Meloni and Economy Minister Giancarlo Giorgetti.
The latter called S&P's decision to confirmed Italy's rating "an honest judgement".
After S&P, Fitch and Moody's will shortly issue their latest ratings of Italy's credit. (ANSA).
Themen: Markets, BBB, Italy, S&P