Italy Stays Two Steps Above Junk at Fitch in Another Meloni Win
- Spate of ratings assessments follows loosened fiscal profile
- Possible Moody’s announcement next Friday is upcoming test
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Italy was confirmed at two steps above junk by Fitch Ratings, giving Prime Minister Giorgia Meloni another boost amid heightened scrutiny on the public finances.
The country remains at BBB with a stable outlook in a third consecutive endorsement of the government’s fiscal stance after a budget that acknowledged the path to debt consolidation will take longer than originally envisaged.