Economics
Italy Debt Outlook Revised to Stable by S&P; BBB Rating Affirmed
- S&P cites pro-growth measures in budget, ECB’s bond purchases
- A rating cut would have paved way for Italy’s slide into junk
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S&P Global Ratings left Italy’s credit rating unchanged and raised the outlook to stable, making a downgrade toward junk level less likely and giving the country a respite as its government struggles to stem the impact of the second wave of the coronavirus.
S&P kept Italy’s rating at ‘BBB,’ two notches above junk, and raised the outlook from negative.