Economics
Italy Debt Rating Raised at Fitch on Robust Economic Outlook
- First upgrade in four years signals confidence in Draghi
- Italy’s economy has grown faster than euro-area peers in 2021
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Italy’s credit rating received its first upgrade in four years on Friday, in a sign of confidence in Prime Minister Mario Draghi’s policies that helped the nation’s economy grow faster than the European average.
Fitch Ratings raised Italy one notch to “BBB” with a stable outlook, citing high Covid-19 vaccination rates and an increase in public and private spending that’s set to boost economic expansion.