Overview

• Italy’s sovereign rating was raised from BBB to BBB+ with a stable outlook, marking its strongest standing since 2016 according to reports.
• Fitch cites greater confidence in the fiscal path, increased prudence in public accounts, political stability, reform momentum, and reduced external imbalances.
• The agency projects a 2025 deficit of 3.1% of GDP versus a 3.3% target, with gradual improvement through 2027 supported by stronger revenues and spending control.
• Economy minister Giancarlo Giorgetti welcomed the decision, crediting sustained government work for putting the country on the right track.
• The move comes as Fitch recently cut France to A+, while attention now turns to Italy’s next assessments: S&P on Oct. 10, DBRS/Morningstar on Oct. 17, and Moody’s on Nov. 21.