Italy Survives Fitch Judgment in Boost for Meloni Before Moody’s
- BBB rating with stable outlook is reaffirmed, echoing S&P
- Moody’s will decide next week on potential downgrade to junk
Giorgia Meloni
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italy retained a credit assessment two notches above junk from Fitch Ratings, a vote of confidence in the fiscal approach of Prime Minister Giorgia Meloni’s right-wing coalition.
Debt issued by the euro zone’s third-biggest economy will keep its classification at the second-lowest investment-grade level of BBB with a stable outlook, the ratings company said in a statement on Friday.