ROMA (ITALPRESS) – “The trajectory of greater credibility towards Italy does not know support. Work pays.” So on the MEF website the Minister of Economy and Finance Giancarlo Giorgetti on the judgment of Standard & Poor’s who confirmed the BBB+ rating of Italy and raised the outlook to positive. “The great Italian open economy, including its labour market, has demonstrated resilience in the face of trade and tariff uncertainty, recording net surpluses of current accounts in support of private wealth and continuous improvements in the country’s net credit position towards foreign countries. The reorganization of the Italian budget is gradually progressing, with a nominal deficit of less than 3% of GDP in 2026 on the basis of competence, while the adjustments of cash flows related to the Superbonus are falling. With an estimate of 136% of GDP in 2025, the public debt is high, but is expected to decrease from 2028. As a result, we have reviewed our outlook from stable to positive and confirmed our BBB+/A-2 ratings for Italy” we read on the S&P website. “The positive outlook reflects our prediction that, despite the persistent uncertainty in international trade, the diversified Italian private sector will continue to support current account surpluses, to benefit from the net credit position of the economy towards the rest of the world, while the public sector should gradually reduce its net debt, starting a slow downward trend of public debt in 2028.”.
photos: IPA Agency
(ITALPRESS).
