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The best Visa credit cards in Canada for 2024
This guide to the best Visa cards in Canada will help you narrow down the field and find a credit card that fits your lifestyle.
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Moody’s upgrades outlook for Italy’s government bond rating to stable on improved finances
– canadianbusiness.com
Moody’s Investors Service on Friday raised the outlook on Italy’s government bond rating to stable from negative, citing improved financial strength in the European country.
It reaffirmed Italy’s bond rating at Baa2, its second-lowest investment grade, and its Prime-2 debt ratings, which is considered a moderate credit risk.
The rating agency said that it expects the government’s debt-to-gross domestic product ratio to level off in 2014 as economic growth modestly resumes. It pointed to Italy’s strong government bond market, which is one of the largest in Europe, as an indicator of strength.
Moody’s also said that that the government’s balance sheet is looking less risky, citing lower risks tied to its banking sector as the capitalization in that sector has stabilized.
The rating agency said that the recent resignation of Prime Minister Enrico Letta and the expectation that Matteo Renzi, leader of Letta’s Democratic Party, will head a newly formed government does not alter its expectations…
It reaffirmed Italy’s bond rating at Baa2, its second-lowest investment grade, and its Prime-2 debt ratings, which is considered a moderate credit risk.
The rating agency said that it expects the government’s debt-to-gross domestic product ratio to level off in 2014 as economic growth modestly resumes. It pointed to Italy’s strong government bond market, which is one of the largest in Europe, as an indicator of strength.
Moody’s also said that that the government’s balance sheet is looking less risky, citing lower risks tied to its banking sector as the capitalization in that sector has stabilized.
The rating agency said that the recent resignation of Prime Minister Enrico Letta and the expectation that Matteo Renzi, leader of Letta’s Democratic Party, will head a newly formed government does not alter its expectations…
