Posted 11/17/2023, 11:00:00 PM
Moody's Upgrades Italy Outlook; Economy Stabilizing Under Meloni Government But Growth Still Weak
- Moody's upgraded Italy's rating outlook to stable from negative, boosting PM Meloni's government
- Move reflects stabilization of Italy's economic strength, banking sector health, and debt dynamics
- Italy's economy stagnated in Q3; analysts expect weak growth ahead
- Italy's debt forecast to rise marginally from 140% of GDP in 2022 to 141% in 2025
- Italian bond spreads versus Germany have narrowed after peaking in October