BRIEF-Morningstar DBRS Upgrades Republic Of Italy To A (Low), Trend Changed To Stable

Oct 17 (Reuters) – Morningstar DBRS: * MORNINGSTAR DBRS: UPGRADES REPUBLIC OF ITALY TO A (LOW), TREND CHANGED TO STABLE * MORNINGSTAR DBRS: CONFIRMED ITALY’S SHORT-TERM FOREIGN AND LOCAL CURRENCY ISSUER RATINGS AT R-1 (LOW) * MORNINGSTAR DBRS: REDUCTION IN VULNERABILITIES IN BANKING SECTOR IMPROVEMENT IN EXTERNAL SECTOR RESULTED IN MORE RESILIENT ECONOMY FOR ITALY * MORNINGSTAR DBRS: RATINGS UPGRADE FOR ITALY AS FISCAL CONSOLIDATION CONTINUES WHICH WILL HELP STABILISE PUBLIC DEBT RATIO IN MEDIUM TERM * MORNINGSTAR DBRS: ITALY'S ECONOMIC GROWTH SUPPORTED BY STRONG LABOUR MARKET DESPITE NEGATIVE IMPACT FROM U.S. TARIFFS, HIGHER GEOPOLITICAL TENSIONS * MORNINGSTAR DBRS: ITALY'S EXPORT CAPACITY, EXTERNAL POSITION KEY STRENGHTS TO WEATHER HEADWINDS FROM U.S. TARIFFS, STRONGER EUR

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