Italian bonds rally after Moody’s credit rating reprieve

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Financial Times 2w ago

Italian bonds rally after Moody’s credit rating reprieve - Financial Times

Quick Summary:

However, since taking power just over a year ago, Meloni has sought to reassure international investors that her rightwing coalition would be responsible stewards of Italy’s economy and pursue fiscally prudent policies as she distanced herself from her past populist, anti-EU rhetoric.

Moody’s affirmed the country’s investment-grade rating in a scheduled update after markets closed on Friday, and raised its outlook for the country’s debt from negative to stable.

Italian bonds rallied on Monday after Rome avoided a potential downgrade of its credit rating to “junk” status, in a boost to Prime Minister Giorgia Meloni’s right-wing coalition government.