Moody’s, rating cut if new government does not reform – Last Hour

Eric Wilson October 5, 2022 Business Leave a comment 10 Views

(ANSA) – MILAN, OCTOBER 05 – Moody’s, which after the elections did not change its opinion on Italy, today at Baa3 with a negative outlook, is waiting for the formation of a new government and warns, without reforms the rating could be cut.

“We would probably downgrade Italy’s ratings if we were to see a significant weakening of the country’s medium-term growth prospects, due to the failure to implement growth-enhancing reforms, including those outlined in the NRP,” the analysts write in a report. update and analysis on possible developments.

“Tighter financing conditions, high inflation, risks for energy supplies from Russia and a more complex political context are weighing on Italy’s growth prospects and debt dynamics,” analysts explain. (HANDLE).

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