Moody's: Stable outlook for the UK, rapid upgrade for Italy.

Important Assessments from Moody's

The international credit rating agency Moody's has confirmed the economic resilience and creditworthiness of the United Kingdom. The agency has maintained the UK's long-term credit rating in both local and foreign currency at "Aa3", setting the outlook as "stable". This decision reflects several key credit strengths, notably the UK's rich, diversified economy and strong institutional framework.

Economic Strength of the United Kingdom

In its statement, Moody's noted that, in addition to the UK's strong economic infrastructure, the government's commitment to reducing the significant budget deficit in the future and stabilizing public debt are supportive factors for the maintenance of this credit rating. The "stable" outlook for the country's rating indicates that the overall economic and fiscal risks present a balanced profile.

The Rise of Italy

On the other hand, Moody's has upgraded Italy's credit rating significantly from "Baa3" to "Baa2". This increase reflects Italy's recent economic and fiscal reforms, as well as the political stability that has enhanced investment effectiveness. However, the outlook has been adjusted from "positive" to "stable".

Public Debt Expectations

Moody's highlighted that Italy's high public debt burden is expected to be gradually reduced by 2027. This situation is seen as a reflection of the positive impacts of the reformist movements in Italy, indicating efforts to strengthen the country's fiscal discipline.