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2025-09-20 07:13:10
[Meloni government's deficit reduction is recognized, Fitch raises Italy's rating for the first time since 2021] Italy has been upgraded by Fitch for the first time since 2021. The rating agency affirmed the measures taken by Prime Minister Meroni's government to reduce the deficit. In a statement on Friday, the company raised the rating of the euro area's third-largest economy by one level to BBB+, three levels above junk level. The company also added that the current rating is stable. "The rating upgrade reflects increased confidence in Italy's fiscal trajectory, thanks to Italy's continued improvement in fiscal prudence and its firm commitment to achieving short-term and medium-term fiscal goals under the new EU fiscal framework," Fitch said in a report on Friday. "The stable political environment, continued reform momentum and the easing of external imbalances have further improved Italy's credit indicators."
