Particle.news
Download on the App Store
13 ARTICLES
·
9h ago

Fitch Raises Italy to BBB+ With Stable Outlook

The move reflects greater confidence in Italy’s fiscal path under the EU’s new budget framework.

Image
Image
Image
Image

Overview

  • Italy’s long-term rating rises one notch to BBB+ with a stable outlook, returning to a level last held in 2016.
  • Fitch ties the upgrade to stronger fiscal prudence and policy credibility, with a focus on meeting medium‑term EU budget targets.
  • The agency projects a 2025 deficit near 3.1% of GDP and gradual consolidation through 2027, GDP growth of 0.6% in 2025, and debt around 137.6% of GDP in 2026.
  • Financing risks are seen as lower due to ECB support, a liquid government bond market and long average debt maturities, though the debt burden remains far above peers.
  • Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti welcomed the decision; it follows S&P’s April upgrade and Moody’s May shift to a positive outlook, with further reviews due in October and November.