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Italy retains investment grade rating: financial expert warns of possible shock waves.
The rating agency Moody’s has decided to leave Italy’s credit rating unchanged. A downgrade would have caused significant turbulence on the financial markets. “Baa3” is the lowest rating in the “Investment Grade” category, which is considered investment grade. A downgrade to non-investment grade could have led to major shocks in European and global financial markets. According to a report by amp2.handelsblatt.com, Moody’s has maintained Italy’s credit rating at “Baa3”. A possible downgrade would have had a strong impact on financial markets. From a financial perspective, a downgrade of Italy to non-investment grade would have led to a devaluation of Italian bonds. This would have resulted in investors withdrawing from these investments...
Italy retains investment grade rating: financial expert warns of possible shock waves.
According to a report by amp2.handelsblatt.com, Moody’s kept Italy’s credit rating at “Baa3”. A possible downgrade would have had a strong impact on financial markets.
From a financial perspective, a downgrade of Italy to non-investment grade would have led to a devaluation of Italian bonds. This would have resulted in investors exiting these investments, which in turn would have increased returns and costs for Italy. The uncertainty about the country's creditworthiness could also have led to a decline in confidence and a devaluation of the euro.
Moody’s decision to leave Italy’s credit rating unchanged will help financial markets remain stable and maintain confidence in the Italian economy. This is important to keep Italy's financing costs low and encourage investment in the country.
Read the source article at amp2.handelsblatt.com