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Moody's cuts outlook Italy; Mef, questionable decision

2022-08-05T21:30:27.632Z

The Moody's agency downgrades Italy's outlook to negative from stable, confirming the Baa3 rating. (HANDLE)



(ANSA) - ROME, AUGUST 05 - The Moody's agency downgrades Italy's prospects to negative from stable, confirming the Baa3 rating.

"The end of the Draghi government and early elections on September 25, 2022 increase political uncertainty" in a difficult context, the agency writes.


    A decision that did not convince the Ministry of Economy.


   The revision, emphasizes the Mef, "appears questionable".

"Even in a moment of economic slowdown and international political tensions, accompanied by the uncertainty regarding the political elections of 25 September, Italy's economic conditions do not justify this orientation".

(HANDLE).


Source: ansa

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