With a historic decision, Moody’s promote sovereign rank Italy after that 23 yearsraised its rating from Baa3, the lowest level of investment grade, to Baa2. The country’s outlook changed from positive to stable.
“We are satisfied with Moody’s promotion, the first after 23 years. A further confirmation of the newfound confidence in this government and also in Italy”, said the Minister of Economy and Finance Giancarlo GiorgettThat.
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