Arab Today, arab today moody\s maintains italy rating but improves outlook
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

Moody\'s maintains Italy rating but improves outlook

Arab Today, arab today

Arab Today, arab today Moody\'s maintains Italy rating but improves outlook

Washington - AFP

Moody's kept Italy's debt rating unchanged at a low Baa2 investment grade Friday but improved its outlook from negative to stable as the country moved to choose a new premier. The ratings agency cited the "resilience" of government finances, despite Italy's high debt and the tough challenges facing the country's economy. The update was scheduled weeks before and not directly related to the political tumult, with embattled Enrico Letta resigning as prime minister, paving the way for fellow Democratic party member and leftist leader Matteo Renzi. Moody's said that even though Italy carries the eurozone's second highest debt load after Greece, it expects that burden to peak at below 135 percent of gross domestic product this year and hold steady as the economy begins to grow again. In addition, Moody's said, the government can still manage its debt service at a tolerable 11.3 percent of government revenue because of the relatively low cost of its debt. The ratings agency also cited a reduction of the risks from potential government liabilities like banks needing recapitalization. And it said that the government's large, contingent commitments of support to the European financial rescue funds, the EFSF and ESM, were now less imminent a burden than when the eurozone countries were struggling more. Moody's stressed the political changes this week in the country did not affect its rating. "Today's resignation of Prime Minister Enrico Letta and the expectation that Matteo Renzi will head a newly formed government does not alter Moody's expectations in this respect," it said. Renzi, 39 and with little experience in high office, was almost certain to get the nomination to succeed Letta, but would then be tasked with building a coalition of his own.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s maintains italy rating but improves outlook Arab Today, arab today moody\s maintains italy rating but improves outlook

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday