The rating agency Moody's does not update the judgment on Italy, which was scheduled for yesterday, September 30th.
The US agency's website states that "
the ratings of the city of Budapest, the government of Bulgaria, the city of Gothenburg and the government of Italy have not been updated
".
To date, Moody's rates Italy with a
Baa3 rating
(only one level above the level defined as junk "junk")
and a negative outlook
.
The
outlook was lowered
(outlook from stable to negative) on 5 August, due to the uncertainties resulting from the
resignation
of the Draghi government and doubts about the ability to comply with the reform path envisaged by the NRP,
Several analysts had predicted the possibility that Moody's would choose not to change the rating on Italy and
would take time
to
observe political developments
and the
formation of the new government
.
Following the Italian vote, the rating agency sent a warning to Italy, underlining
five key points
: size of
public debt
,
Pnrr
, cost of
energy
,
inflation
,
cost of financing
(in an upward phase of rates).
Sarah Carlson
, senior vice president of the American group, stressed that "
the next Italian government must face a series of significant challenges on the debt front, in particular the implementation of the National Recovery and Resilience Plan of the country
".