Italy’s Rating Outlook Cut to Negative by Moody’s on Politics

Italy’s Rating Outlook Cut to Negative by Moody’s on Politics

From bnnbloomberg.ca

Italy’s sovereign rating outlook was lowered to negative by Moody’s Investors Service, which cited accumulated risks ranging from Russia’s war in Ukraine to the departure of Prime Minister Mario Draghi. The credit quality of the European nation, which is rated Baa3 by Moody’s, is under pressure by heightened government risk that could impede structural reforms -- including those in Italy’s National Recovery and Resilience Plan, according to analysts Sarah Carlson and Alejandro Olivo “Risks to Italy’s credit profile have been accumulating more recently because of the economic impact of Russia’s ... (full story)

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