Economics
Fitch Keeps Negative Outlook on Italy Citing High Debt Level
- Sovereign credit rating kept at BBB, two notches above junk
- Agency cites political tension and risk for early elections
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Italy’s sovereign credit rating was left unchanged at two notches above junk by Fitch Ratings, which warned an extremely high level of general government debt and the absence of structural fiscal adjustment still pose risks.
The level was confirmed at BBB, while the outlook was maintained at negative.