This content is not available in your region

Fitch raises Italy's rating outlook to stable

Fitch raises Italy's rating outlook to stable
Text size Aa Aa

Good news for Italy from the rating agency Fitch.

It has confirmed Rome’s sovereign debt rating at BBB+ but raised its outlook to stable from negative.

Prime Minister Matteo Renzi’s programme of structural reform was one reason given for the outlook change.

Fitch also cited the fact that Italy’s deep recession ended last year and Rome’s borrowing costs have fallen.

The rating remains at BBB+ because of still-high unemployment and Italy’s weak growth prospects.

with Reuters

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.