Italy - Credit Rating

Standard & Poor's credit rating for Italy stands at BBB with stable outlook. Moody's credit rating for Italy was last set at Baa2 with under review outlook. Fitch's credit rating for Italy was last reported at BBB with stable outlook. DBRS's credit rating for Italy is BBB (high) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Italy thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Italy as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sBaa2 Under Review May 25 2018
S&PBBB Stable Oct 27 2017
FitchBBB Stable Apr 21 2017
DBRSBBB (high) Stable Jan 13 2017
Moody'sBaa2 Negative Dec 07 2016
FitchBBB+ Negative Oct 21 2016
DBRSA (low) Under Review Aug 05 2016
TE60 Stable Apr 16 2016
S&PBBB- Stable Dec 05 2014
FitchBBB+ Stable Apr 25 2014
Moody'sBaa2 Stable Feb 14 2014
S&PBBB Negative Jul 09 2013
FitchBBB+ Negative Mar 08 2013
DBRSA (low) Negative Mar 06 2013
DBRSA Negative Aug 08 2012
Moody'sBaa2 Negative Jul 13 2012
DBRSA (high) Under Review May 22 2012
Moody'sA3 Negative Feb 13 2012
FitchA- Negative Jan 27 2012
S&PBBB+ Negative Jan 13 2012
FitchA+ Negative Watch Dec 16 2011
S&PA Negative Watch Dec 05 2011
DBRSA (high) Negative Nov 09 2011
FitchA+ Negative Oct 07 2011
Moody'sA2 Negative Oct 04 2011
S&PA Negative Sep 19 2011
Moody'sAa2 Negative Watch Jun 17 2011
S&PA+ Negative May 20 2011
DBRSAA (low) Negative Feb 03 2011
FitchAA- Stable Oct 19 2006
S&PA+ Stable Oct 19 2006
FitchAA Negative Watch May 25 2006
S&PAA- Negative Aug 08 2005
FitchAA Negative Jun 29 2005
S&PAA- Stable Jul 07 2004
S&PAA Negative Jan 15 2003
FitchAA Stable Jun 17 2002
Moody'sAa2 Stable May 15 2002
FitchAA- Stable Sep 21 2000
S&PAA Stable May 06 1998
Moody'sAa3 Stable Jul 03 1996
Moody'sA1 Stable May 01 1996
Moody'sA1 Positive Watch May 01 1996
FitchAA- N/A Feb 23 1995
S&PAA Negative Feb 03 1995
FitchAA N/A Aug 10 1994
S&PAA Stable Mar 01 1993
Moody'sAa3 Negative Watch Feb 25 1993
Moody'sAa3 Stable Aug 13 1992
S&PAA+ Negative May 06 1992
Moody'sAa1 Stable Jul 01 1991
S&PAA+ Stable May 30 1991
S&PAA+ Positive Jun 26 1989
S&PAA+ N/A Nov 23 1988
Moody'sAaa Stable Oct 10 1986


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 65
B- B3 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B2 BB- 60
BB- Ba3 BB- 40
SD Caa3 53
B B3 B 25
AA Aa3 AA- AA (high) 88
B- B3 25
B+ N/A 30
A+ A2 N/A 91
BB- Ba3 BB- 38
B B3 28
A- A2 73
BB- Ba2 BB- BB (low) 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ A1 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB+ Ba2 BB+ 45
Caa2 20
BB+ Ba2 BB+ BB 36
AA- A1 AA- 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B- 29
B B3 B 28
CCC+ B3 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA Aaa AAA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A Caa1 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B+ B3 BB- B (high) 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa2 BBB 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
AA- A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B2 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA 88
BB- BB 48
A- A3 A- 66
B2 B+
A- A3 A+ A (high) 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- B3 B 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 RD 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B B2 B 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa3 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BBB- Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
A- Baa1 A- A 62
B+ B1 B+ 38
B3 25
B B2 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
B1
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
N/A B2 B+ 44
B+ Ba3 BB BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD C RD 5
BB- Ba3 BB 29
B Caa1 B 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com


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