Italy regained its highest score from any major credit assessor since 2018 after an upgrade by Morningstar DBRS that commended the government’s push to tame the budget deficit.
In a victory for Prime Minister Giorgia Meloni, the country is now at A (low) with a stable outlook, the company said in a statementBloomberg Terminal on Friday. That’s four steps above junk and ends a 1-year wait with the rating skewed toward improvement.