Fitch Ratings has affirmed Italy's long-term foreign currency debt rating at BBB, while upgrading its outlook from stable to positive. This change reflects Italy's stronger fiscal performance and commitment to European Union fiscal rules, suggesting a potential reduction in the medium-term fiscal and financing risks associated with its unusually high debt levels. The country's improved growth momentum and a more stable political environment further support this positive trend.
In comparison, Moody's maintains Italy's long-term foreign currency debt rating at Baa3u with a stable outlook, and Standard & Poor's (S&P) holds it at BBBu with a stable outlook as well.
Additionally, Fitch highlighted Italy's enhanced growth prospects and a more stable political landscape as factors solidifying its improved outlook.
