Italy will likely keep following European Union budget rules even if political instability hits, Morningstar DBRS said on Friday. The agency kept Italy’s credit rating at A- (low) with a stable outlook. It said the bloc’s fiscal regime will stop any future government from trying to stretch the public finances.
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Italy will probably keep adhering to the European Union’s budget discipline even if it reverts to political instability, Morningstar DBRS said.
The bloc’s fiscal regime will be a brake on any future government that tries to stretch the public finances, company said in a statementBloomberg Terminal on Friday, as it kept its credit rating at A- (low) with a stable outlook.