Italy Exits Moody’s Junk Danger Zone in Big Win for Meloni
- Rating company raises outlook to ‘stable’ from ‘negative’
- Moody’s affirms Italy’s Baa3 ratings, one notch above junk
Giorgia Meloni
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italy is no longer in danger of a cut to junk at Moody’s Investors Service, which raised its rating outlook to stable in a huge win for Prime Minister Giorgia Meloni.
The country’s assessment was kept at Baa3, the lowest investment grade, but the company removed the threat of a downgrade after more than 15 months with a negative view instituted just before the populist premier won power.