Italy’s Debt Remains Under Review for Downgrade by Moody’s

Italy’s credit rating remains under review for a possible downgrade for the first time in almost two decades by Moody’s Investors Service, amid concern that economic growth will remain too weak to reduce the region’s second-largest debt.

The debt, rated Aa2, was placed on review June 17. In light of the “increasingly challenging economic and financial environment and fluid political developments in the euro area,” Moody’s said in a statement it will continue to evaluate the rating and strive to conclude the review within the next month.