Meloni Wins Italy’s Best Rating Since 2018 With DBRS Upgrade

DBRS Morningstar, a major credit rating agency, has upgraded Italy's credit rating, marking the country's highest score since 2018. The upgrade acknowledges the Italian government's efforts to rein in the budget deficit, which has been a concern for the country's financial stability. The upgrade comes as Giorgia Meloni's right-wing coalition government has taken power in Italy, pledging to maintain fiscal discipline and address the country's economic challenges. The rating agency's decision is seen as a positive signal for Italy's economic outlook and its ability to manage its public finances effectively. The upgrade is expected to have a favorable impact on Italy's borrowing costs and its ability to attract foreign investment. However, the government will need to continue its efforts to address the country's longstanding economic problems, such as high public debt and sluggish growth, to maintain this positive momentum.