Fitch has confirmed Italy's sovereign rating at BBB+ with a stable outlook, pointing to recent political stability as a supporting factor and very high public debt as the main constraint on the rating.
The decision, reported by Il Mattino Economia, leaves Italy's credit assessment unchanged while signaling continuity in Fitch's view of the country's economic and fiscal position.
Debt remains the central constraint
According to the report, Fitch identified Italy's very high public debt as the principal factor limiting the rating.
Fitch expects Italy's debt-to-GDP ratio to peak at 138.2% in 2026, before beginning a gradual decline from 2027. The agency also expects the budget deficit to improve modestly to 2.9% in 2026.
Growth outlook: modest expansion
Fitch projected average Italian GDP growth of 0.8% over 2026-2028.
The agency cited resilient employment, public investment, private consumption and diversified exports as factors supporting growth. At the same time, it warned that demographic and productivity challenges would weigh on Italy's medium-term prospects.