Negative outlook on Italy’s Baa3 rating – drivers and next steps

Moody’s has changed the outlook on Italy’s ratings to negative from stable, based on an accumulation of risks that relate to domestic political developments as well as the economic impact of Russia’s invasion of Ukraine.

  • What are the key drivers of Italy’s negative rating outlook
  • What role do the political developments and the upcoming early elections play?
  • How exposed is Italy to energy supply challenges that relate to Russia’s invasion of Ukraine?
  • What are the specific risks to Italy’s fiscal strength, and what’s the impact of the medium-term growth prospects?
  • Speakers keyboard_arrow_down
    Sarah Carlson Senior Vice President, Sovereign Risk Moody's Investors Service Bio
    Alejandro Olivo Villa Managing Director, Sovereign/Sub-Sovereign Moody's Investors Service Bio