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Fitch's outlook on Italy's credit rating has been upgraded from stable to positive.
Moody's has confirmed Italy's long-term foreign currency debt rating as BBB, with the outlook revised from stable to positive. Moody's stated: "The positive outlook reflects the recent stronger fiscal performance and commitment to EU fiscal rules, indicating that Italy's exceptionally high debt levels could reduce medium-term fiscal and financing risks. The potential growth momentum is strengthening, and a more stable political environment further consolidates this trend." Other two major rating agencies' opinions: Fitch: long-term foreign debt rating Baa3, stable outlook. Standard & Poor's: long-term foreign currency bond rating BBB, stable outlook.
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