Overview
- Fitch raised Italy’s sovereign rating from BBB to BBB+ and assigned a stable outlook.
- The agency cited increased confidence in the country’s budgetary trajectory and noted steadier politics.
- Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti welcomed the decision as proof their policies are working.
- Italy’s deficit was reported at 3.4% of GDP in 2024 after consolidation, while public debt remains about 135% of GDP with weak medium‑term prospects.
- The upgrade follows Fitch’s downgrade of France a week earlier, pointing to diverging credit paths within the euro area.