Credit ratings agency Moody's on Friday upgraded its outlook on Italy to "positive", in a boost to Prime Minister Giorgia Meloni's efforts to tackle strains on the country's finances and manage debt. Moody's also maintained its "Baa3" rating on Italy and said its update in outlook from "stable" followed a "better-than-expected" fiscal performance last year and a "stable" political environment, which would support the Italian government's plans.

"The positive outlook is also supported by a robust labour market, sound household and corporate balance sheets and a healthy banking sector," Moody's said in its report.
Italy's Economy Minister Giancarlo Giorgetti welcomed Moody's outlook revision.