Italy Gets First Fitch Upgrade Since 2021 in Applause for Meloni

Italy won its first upgrade from Fitch Ratings since 2021 as the credit assessor rewarded Prime Minister Giorgia Meloni’s government for its deficit-cutting efforts.

In a statement on Friday, the company lifted its view on the euro zone’s third-biggest economy by one step to BBB+, three notches above junk. It added that the rating is now stable .