- Moody's judgment on Italy slips
- Moody's lowers Italy's growth estimates between 0 and 0.5%
- Moody's: "Italy 2019 growth anemic, GDP up 0.4%"
- Moody's cuts Italy's GDP estimates: in 2019 halved to 0.2%
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10 September 2019 On the day the Conte 2 government presents itself to the Senate for confidence, the Moody's agency confirms Italy's Baa3 rating with a stable outlook, in an analysis in which it highlights - among other things - how "strength institutional of Italy is lower than most of the other eurozone countries, with politicians who often had a 'volatile' attitude ". But in this scenario - adds Moody's - "The president of the republic has a strong role in giving stability to the political system".On the strictly economic front, the agency recalls among the strengths of Italy "a large and diversified economy with low private sector debt" and "professional" management of high public debt with a low risk of liquidity crisis ". Weighs instead" "the growth potential that will remain weak in the absence of structural reforms, a public debt that will remain high and vulnerable to future shocks and the need to maintain investor confidence, given the high refinancing needs" with around 280 billions of medium and long-term securities to be refinanced in the remaining part of 2019 and in 2020. For 2019 Moody's estimates a growth of the Italian economy of only 0.2% and in 2020 of 0.5%, while the debt ratio GDP is expected to rise to 133% this year and therefore touch 133.6% in 2020.