Moody's Upgrades Italy's Outlook Despite Economic Concerns
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Moody's upgraded Italy's rating outlook to stable from negative, an unexpected boost for PM Meloni's government
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Moody's cited stabilisation of Italy's economic strength, banking sector health, and government debt dynamics for the upgrade
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Italy's economy stagnated in Q3; analysts expect weak growth ahead
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Italy's debt projected to rise marginally from 140% of GDP in 2022 to 141% in 2025
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Yield spread between Italian and German 10-year bonds has narrowed from recent peak, but still wider than other euro zone countries