Dbrs confirms Italy's rating at BBB
The trend of all long-term ratings remains positive. Short-term rating confirmed at R-1 (low)
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Dbrs confirmed Italy's long-term ratings at BBB (high). The trend of all long-term ratings remains positive. At the same time, Morningstar Dbrs confirmed Italy's short-term ratings at R-1 (low). The trend of all short-term ratings remains stable.
The positive trend, analysts write, reflects better-than-expected fiscal performance in 2024 and "the government's continued commitment to medium-term fiscal adjustment plans, despite a more challenging macroeconomic and geopolitical environment. Strong labour market performance, signs of above-historical potential output growth, a healthier banking system and government stability also support the positive trend."
Italy, according to Dbrs, recorded 'a fiscal deficit of 3.4 % of GDP in 2024, lower than the originally projected 4.3 % and 7.2 % in 2023. The improvement reflects the phasing out of residential building renovation programmes and the strength of tax revenues'.
