S&P Global Ratings has upgraded Italy’s credit rating from “BBB” to “BBB+”, citing enhancements in the country’s economic, external, and financial resilience, as well as advancements in stabilizing public finances post-pandemic. The agency highlighted factors like increased public investment and Germany’s fiscal stimulus as potential buffers for Italy against weakening global demand. Although Italy’s 2025 growth projection has been revised down to 0.6% from 1.2%, the country is committed to controlling its budget deficit amidst concerns over U.S. trade tariffs. S&P pointed out that Italy could manage the impact of the U.S.’s milder 10% tariff on its economy and current account. Additionally, S&P affirmed Italy’s outlook as “stable.” Meanwhile, Moody’s has assigned Italy a Baa3 rating with a stable outlook, and DBRS continues to rate Italy at BBB (high), with a positive outlook.
The material has been provided by InstaForex Company – www.instaforex.com
- Ibovespa Posts Weekly Gains - April 13, 2025
- Wall Street Rallies to End Volatile Week Amid Trade Hopes - April 13, 2025
- TSX Secures Weekly Gains - April 13, 2025
