(ANSA) - NEW YORK, APRIL 22 - The S&P agency confirms Italy's BBB rating with a positive outlook.
S&P states this.
"By the end of June, the Italian government hopes to finalize the reforms of justice, public procurement and competition. S & Pr believes that these reforms will unlock the inflows of Next Generation EU funds worth more than 2% of GDP per year between 2022 and 2026, offsetting the risks to growth deriving from the Russia-Ukraine conflict ", states in an S&P note, predicting" for 2022 a general government budget deficit equal to 6.3% of GDP, assuming that the measures introduced at the end of 2021 to mitigate the energy shocks remain in effect until the end of this year at least. "
"The increase in energy prices has pushed inflation in Italy to the highest levels of the last 30 years,
complicating the ECB's efforts to normalize monetary policy;
High inflation provides some fiscal benefits and is linked to S&P's projection of a sharp decline in debt to GDP this year, ”continues Lanota.
S&P then confirmed Great Britain's rating at 'AA' with a positive outlook.
This was stated by the rating agency, cutting the growth estimates to 3.5% for 2022 compared to the + 4.4% expected in December.
Inflation is expected to settle at 6.3% this year, a 30-year high.
He then raised Greece's rating to BB + with a stable outlook.
The country's growth will slow due to the war in Ukraine to 3.4% in 2022. The upgrade is linked to improved policy effectiveness while the fallout from the war in Ukraine appears manageable in light of the considerable buffers in the private and public sectors.
(HANDLE).
