downgraded by "the lack of a growth reform plan"

<p clbad = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Moody's downgrades Italy's rating to Baa3's Baa2 with stable prospects. The decision is based on "the absence of a coherent program of growth reform", with negative implications for "medium-term growth". The agency in the note explains that government plans do not represent a "coherent reform agenda" which can push "the poor performance of growth on a sustained basis". And also a weakening of fiscal policy with "a higher budget deficit for the next few years than the agency supposed." "Data-reactid =" 22 ">Moody's downgrades Italy's rating to Baa3's Baa2 with stable prospects. The decision is based on "the absence of a coherent program of growth reform", with negative implications for "medium-term growth". The agency in the note explains that government plans do not represent a "coherent reform agenda" which can push "the poor performance of growth on a sustained basis". And also a weakening of fiscal policy with "a higher budget deficit for the next few years than what the agency previously badumed".

<p clbad = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" Italy's debt will stabilize around 130% of GDP over the next few years instead of falling as expected by Moody's, "says the rating agency Moody's. Italy downgraded, concerned that there will be a stabilization and not a reduction of debt. "data-reactid =" 23 ">" Italy's debt will stabilize around 130% of GDP in the coming years instead of decreasing as previously predicted by Moody's, "explains L & 39. rating agency Moody & # 39; s, and the rating agency explained that she had Italy downgraded, concerned that there will be a stabilization, not a reduction of debt.

Moody's accompanied the evaluation in a stable rating outlook, which means it should not degrade this new rating over the next six months. "Italy's debt-to-GDP ratio is expected to stabilize around the current rate of 130% of GDP in the coming years, rather than starting to decline, as Moody previously thought," said the report. agency in a Moody's press release says the public sector debt is all the more problematic as the prospects for economic growth are weaker. "The government's plans for fiscal and economic measures are not a coherent program of reforms that can help solve the problems of disappointing growth," he said. Moody's adds that even in the short term "there will be a more limited growth stimulation compared to government estimates".

The Italian maneuver "for 2019 predicts a deficit of 2.4% of gross domestic product (GDP), far from the 0.8% promised by the previous center-left government," says the agency. The European Commission has indicated the risk of "serious infringement" to European regulations, which could lead to rejecting this budget, something that has never happened in history from the European Union, always stresses the agency in the note.