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07 February 202023.00 The international agency Fitch has confirmed Italy's rating at BBB and a negative outlook. The BBB rating - explains Fitch - reflects a level of public debt that remains "extremely high", a "very low" GDP growth trend and a quality of the banking sector assets that improves but "is still weak". Added to this is a persistent climate of political uncertainty with "a high probability" that the Conte bis government will not last for the entire term until the spring of 2023.Fitch confirms Italy rating to BBB
2020-02-07T22:10:59.742Z
23.00 The international agency Fitch confirmed Italy's rating to BBB and a negative outlook. The BBB rating - explains Fitch - reflects a level of public debt that remains "extremely high", a "very low" GDP growth trend and a quality of the banking sector assets that improves but "is still weak". Added to this is a persistent climate of political uncertainty with "a high probability" that the Conte bis government will not last for the entire term until the spring of 2023.
Source: rainews