Meloni: Fitch confirms that the government's path is right

"Italy gets a promotion from Fitch: confirmation that the path of our government is the right one. Accounts in order, responsibility in budgetary choices, the economy strengthening thanks to increased employment: these are not slogans, but concrete results'. Fitch delivered its first upgrade from the agency since 2021, speaking of 'greater confidence' in the budget trajectory. And this is how Premier Giorgia Meloni commented on the agency's decision to raise its rating one notch to 'BBB+' from 'BBB' with a stable outlook.

"It is a clear sign of confidence from the international markets: political stability, credible economic policies and support for those who create work and wealth are bearing fruit," Meloni added. "We are aware of the challenges ahead - growth, debt, sustainability - but today we can look forward with pride: our commitment is being recognised, and this gives us further strength to do more and more, for Italy and its families."

"A lot of study, a lot of work. Serious and reserved. We have put Italy back on the right track,' was the comment in the night by Economy Minister Giancarlo Giorgetti on the Fitch agency's rating upgrade on Italy. The path is underpinned by 'increasing fiscal prudence and a strong commitment to achieving the expected short- and medium-term targets of the EU's new fiscal framework', according to Fitch, and 'a stable policy environment, continued reform momentum and a reduction in external imbalances further improve Italy's credit indicators'. "I am proud of the work of the League and its economy minister for the good of the Italians," says Matteo Salvini.

Although noting a higher debt burden and slower growth compared to countries in the 'BBB' category, the agency predicts "reduced risks in terms of financing and sustainability". GDP is expected to grow by 0.6 per cent this year, rising to +0.8 per cent on average over the period 2026-2027, driven by domestic demand.

"Italy is on the right track, an example of good governance in a difficult international context". This is what Adolfo Urso, the Minister for Enterprise and Made in Italy, wrote on X. For Nicola Procaccini (FdI) "dafter years of uncertainty and suspended judgements, the Fitch rating agency has finally recognised the concrete results of the Meloni government's economic policy, raising Italy's rating. This is important news, which rewards the seriousness, stability and long-term vision with which the executive is managing the public accounts'. According to the co-chairman of the Conservative group in the European Parliament, 'Few believed that it was possible to hold austerity and growth together, but the Meloni government is doing so, with pragmatism and consistency, and today even the markets recognise this. It is also a clear answer to those who, for months, have been prophesying instability and failure. The data say the opposite: Italy is stronger, more credible and more stable. Fitch's judgement is a positive signal for international investors, but above all for Italian citizens, who can look to the future with greater confidence"..