Dow Jones-The Rating Agency S&P has upgraded the credit rating of Italy from BBB by one level to BBB+. The outlook for the rating of long -term debts is still stable, she explained. The classification is based on economic and financial buffers, including stable exports and high domestic savings rates. S&P expects that the debt will be stabilized for Italy from 2028 in relation to economic output. At the end of 2024 it was 129 percent of GDP.
Meanwhile, S&P lowered the view for the Rating BBB- from Hungary to negative from stable and justified this with an increasing risk of stagflation in the country.
The rating agency FITCH confirmed credit ratings and their views for Switzerland (AAA, stable) and Spain (A-, positive)
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(End) Dow Jones Newswires
April 14, 2025 01:07 ET (05:07 GMT)