The S&P agency confirmed to “BBB+” the rating for theItaly with stable outlookThe agency was the first to upgrade the country's rating in April, raising its credit rating from the previous BBB level. On September 19, it was followed by Fitch.
The agency emphasizes that this evolution stems from “a stable political context" and a "continued reformist momentum", which together with the "reduction of external imbalances further improve Italy's credit indicators". The combination of these factors "mitigates the risks arising from public debt still high and growing external challenges", and allows BTPs to climb the triple B scale despite the fact that other countries in the same area of the ranking show on average a debt-to-GDP ratio of 57,3%, i.e. well below half of the Italian levels. A positive trend that also sees a improvement of public accounts Italians, who this year, according to the latest estimates of the Dpfp, will return to having a deficit around 3%.
Also the BTP spread The 10-year bond yield against the Bund remains stable at around 80 points, despite closing slightly higher on Friday, going from 80,5 to 81,7 points, with the yield still declining.
The next one to express her opinion will be Dbrs, next Friday, while the most awaited is the verdict of Moody's, which in May affirmed the rating at Baa3 (one notch above junk), but raised the outlook from stable to positive. Moody's will review the rating last, on November 21st.
