Covid: Moody's, Italy in 2021 among rating risk countries

(ANSA) - ROME, JANUARY 11 - "High debt levels together with a growth characterized by stops and starts will intensify the risk and impact of another shock, especially if the confidence of investors in countries that need to refinance very large amounts of debt is weakening "and" creditworthiness risks are higher in Italy, Cyprus, Spain and Portugal due to their high economic exposure to the crisis and a more limited room for maneuver ". Moody's writes in a report on the dirating prospects of euro countries, underlining that "the economic recovery in the Eurozone will be slow, uneven and fragile". For the current year Moody's expects growth for Italy of 5.6% after an estimate of -9% in 2020. (ANSA).