Fitch’s new report card for Italy is awaited

With the stock markets closed, this evening, the new ‘report card’ will arrive Fitch for theItalia. L’international rating agency will also express itself on SpainWhile Moody’s will have his say on the Germania. As far as our country is concerned, the current one rating on Fitch stands at ‘BBB+‘ con stable outlook and according to analysts, no revisions are expected after the ‘promotion’ last September.

Last autumn, the Belpaese was rewarded with the rating raised from BBB to BBB+ con stable outlook. It was the first upgrade signed by the American agency from 2021 which was followed in January by that of S&P Global Ratings which confirmed the rating but he recognized more trust in the country, raising theoutlook stable to positive.

Going back further, last November with a historic decision, that is after 23 years, too Moody’s promoted the Italy’s sovereign rating reflecting a growing confidence in public finances of the third eurozone economy and thus rewarding the government stability. The American agency has in fact raised its rating from Baa3, the lowest level of theinvestment gradehas Baa2, enters theoutlook of the country passes positive to stable.

Returning to Fitchl’update from last September it was the reflection, as he explained, of “a greater confidence in Italy’s fiscal trajectorysupported by a growing record of fiscal prudence and a strong commitment to reaching the short and medium term fiscal objectives in the context of the new EU tax framework“.

Last fall Fitch has also foreseen for theItalia a continuous and gradual one deficit reduction in 2025-2027, “supported by structural improvements on the revenue front and by a rigorous spending control“. The latest estimates of theState – which are provisional – indicate a deficit/Pills for 2025 at 3.1% rather than below this threshold as he wants Bruxellesma he Government he is confident that he will have time to get out of the house European procedure for excessive deficit.

Ratings of Spain and Germany

There shouldn’t be any surprises for either Spain after last September Fitch promoted the long-term rating in foreign currency from ‘A-‘ to ‘A’ with Stable outlookciting the economic performance higher than expected. Question mark instead for the Germania: last May Moody’s had confirmed the rating Aaa con stable outlook. In 2025 the German GDP grew by just 0.2% and the deficit/Pillsaccording to some estimates, it should close at 2.7% and in 2026, however, rise to 3.3%.