Fabrib
Forumer storico
Italy stands out to Moody’s Investors Service as the only country it covers that is at risk of losing its investment-grade rating, the company said on Tuesday.
In a report surveying how nations have dealt with downgrades to junk over the past three decades, the euro zone’s third-biggest economy was highlighted as a prominent candidate for such a status adjustment. Moody’s didn’t give a view on the likelihood of that happening.
“Italy is currently the only Baa3-rated sovereign with a negative outlook,” wrote analysts including Kelvin Dalrymple and Scott Phillips. “Sluggish growth and higher funding costs may further weaken Italy’s fiscal position.”
In a report surveying how nations have dealt with downgrades to junk over the past three decades, the euro zone’s third-biggest economy was highlighted as a prominent candidate for such a status adjustment. Moody’s didn’t give a view on the likelihood of that happening.
“Italy is currently the only Baa3-rated sovereign with a negative outlook,” wrote analysts including Kelvin Dalrymple and Scott Phillips. “Sluggish growth and higher funding costs may further weaken Italy’s fiscal position.”
