1. Sovereigns Ratings List

Italy Rating: Italy Credit Rating

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Rating Moody's Italy
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2023-11-17Baa3 (Stable)
2022-08-05Baa3 (Negative)2023-11-17Baa3
2020-11-06Baa3 (Stable)2022-08-05Baa3
2018-10-19Baa3 (Stable)2020-11-06Baa3
2018-05-25Baa2 (Under Review)2018-10-19Baa3
2017-10-06Baa2 (Negative)2018-05-25Baa2
2016-12-07Baa2 (Negative)2017-10-06Baa2
2014-02-14Baa2 (Stable)2016-12-07Baa2
2013-04-26Baa2 (Negative)2014-02-14Baa2
2012-07-13Baa22013-04-26Baa2
2012-02-13A32013-02-13A3
2011-10-04A2 (Negative)2012-07-13Baa2
2011-06-17(Under Review)2012-02-13A3
2003-11-15(Stable)2011-10-04A2
2002-05-15Aa22002-05-15Aa2
1998-12-23P-11996-07-03Aa3
1996-07-03Aa31993-11-02A1
1993-05-05A11993-05-05A1
1992-08-13Aa31992-08-13Aa3
1991-07-01Aa11991-07-01Aa1
1986-10-10Aaa1990-04-02Aaa
Moody's: Long term Rating
Rating S&P Italy
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2022-07-26BBB (Stable)
2021-10-22BBB (Positive)
2020-10-23(Stable)
2018-10-26(Negative)2022-07-26BBB
2017-10-27BBB (Stable)2021-10-22BBB
2014-12-05BBB- (Stable)2017-10-27BBB
2013-07-09BBB (Negative)2014-12-05BBB-2017-10-27A-22017-10-27A-2
2012-01-13BBB+ (Negative)2013-07-09BBB2014-12-05A-32014-12-05A-3
2011-12-05(Negative)2012-01-13BBB+2012-01-13A-22012-01-13A-2
2011-09-19A (Negative)2011-09-19A2011-09-19A-12011-09-19A-1
S&P: Long term Rating
Rating Fitch Italy
Long term RatingShort term Rating
Foreign currencyLocal currencyForeign currencyLocal currency
DateRating(Outlook)DateRatingDateRatingDateRating
2021-12-03BBB2021-12-03F2
2020-04-28BBB-2020-04-28F3
2021-12-03BBB (Stable)2020-02-07BBB2020-02-07F2
2020-04-28BBB- (Stable)2019-08-09BBB2019-08-09F2
2020-02-07BBB2019-02-22BBB2019-02-22F2
2019-08-09BBB2018-08-31BBB2018-08-31F2
2019-02-22BBB2018-03-16BBB2018-03-16F2
2018-08-31BBB (Negative)2017-10-20BBB2017-10-20F2
2018-03-16BBB (Stable)2017-04-21BBB2017-04-21F2
2017-10-20BBB (Stable)2016-10-21BBB+2016-10-21F2
2017-04-21BBB (Stable)2016-07-22BBB+2016-07-22F2
2016-10-21BBB+ (Negative)2016-04-22BBB+2016-04-22F2
2016-07-22BBB+ (Stable)2015-10-23BBB+2015-10-23F2
2016-04-22BBB+ (Stable)2015-04-24BBB+2015-04-24F2
2015-10-23BBB+ (Stable)2014-10-24BBB+2014-10-24F2
2015-04-24BBB+2014-10-14BBB+2014-10-14F2
2014-10-24BBB+ (Stable)2014-09-26BBB+2014-09-26F2
2014-10-14BBB+ (Stable)2014-09-10BBB+2014-09-10F2
2014-09-26BBB+ (Stable)2014-08-28BBB+2014-08-28F2
2014-09-10BBB+ (Stable)2014-08-12BBB+2014-08-12F2
2014-08-28BBB+ (Stable)2014-07-29BBB+2014-07-29F2
2014-08-12BBB+ (Stable)2014-07-10BBB+2014-07-10F2
2014-07-29BBB+ (Stable)2014-06-27BBB+2014-06-27F2
2014-07-10BBB+ (Stable)2014-06-12BBB+2014-06-12F2
2014-06-27BBB+ (Stable)2014-05-28BBB+2014-05-28F2
2014-06-12BBB+ (Stable)2014-05-13BBB+2014-05-13F2
2014-05-28BBB+ (Stable)2014-04-28BBB+2014-04-28F2
2014-05-13BBB+ (Stable)2014-04-25BBB+2014-04-25F2
2014-04-28BBB+ (Stable)2014-04-11BBB+2014-04-11F2
2014-04-25BBB+ (Stable)2014-04-04BBB+2014-04-04F2
2014-04-11BBB+ (Negative)2014-03-28BBB+2014-03-28F2
2014-04-04BBB+ (Negative)2014-03-13BBB+2014-03-13F2
2014-03-28BBB+ (Negative)2014-02-27BBB+2014-02-27F2
2014-03-13BBB+ (Negative)2014-02-12BBB+2014-02-12F2
2014-02-27BBB+ (Negative)2014-01-30BBB+2014-01-30F2
2014-02-12BBB+ (Negative)2014-01-21BBB+2014-01-21F2
2014-01-30BBB+ (Negative)2014-01-13BBB+2014-01-13F2
2014-01-21BBB+ (Negative)2013-12-27BBB+2013-12-27F2
2014-01-13BBB+ (Negative)2013-12-11BBB+2013-12-11F2
2013-12-27BBB+ (Negative)2013-11-27BBB+2013-11-27F2
2013-12-11BBB+ (Negative)2013-11-12BBB+2013-11-12F2
2013-11-27BBB+ (Negative)2013-10-29BBB+2013-10-29F2
2013-11-12BBB+ (Negative)2013-10-25BBB+2013-10-25F2
2013-10-29BBB+ (Negative)2013-10-11BBB+2013-10-11F2
2013-10-25BBB+ (Negative)2013-09-26BBB+2013-09-26F2
2013-10-11BBB+ (Negative)2013-07-30BBB+2013-07-30F2
2013-09-26BBB+ (Negative)2013-07-10BBB+2013-07-10F2
2013-07-30BBB+ (Negative)2013-06-26BBB+2013-06-26F2
2013-07-10BBB+ (Negative)2013-05-29BBB+2013-05-29F2
2013-06-26BBB+ (Negative)2013-05-15BBB+2013-05-15F2
2013-05-29BBB+ (Negative)2013-03-08BBB+2013-03-08F2
2013-05-15BBB+ (Negative)2013-02-27A-2013-02-27F2
2013-03-08BBB+ (Negative)2012-11-13A-2012-11-13F2
2012-08-13A- (Negative)2012-10-30A-2012-10-30F2
2012-07-27A- (Negative)2012-09-26A-2012-09-26F2
2012-05-30A- (Negative)2012-08-13A-2012-08-13F2
2012-05-11A- (Negative)2012-07-27A-2012-07-27F2
2012-04-11A- (Negative)2012-05-30A-2012-05-30F2
2012-02-28A- (Negative)2012-05-11A-2012-05-11F2
2012-01-27A- (Negative)2012-04-11A-2012-04-11F2
2011-12-29A+ (Negative)2012-02-28A-2012-02-28F2
2011-11-10A+ (Negative)2012-01-27A-2012-01-27F2
2011-10-12A+ (Negative)2011-12-29A+2011-12-29F1
2006-10-19AA- (Stable)2011-11-10A+2011-11-10F1
2006-05-25AA (Negative)2011-10-12A+2011-10-12F1
2005-06-29AA (Negative)2006-10-19AA-2006-10-19F1+
2002-06-17AA (Stable)2006-05-25AA2006-05-25F1+2021-12-03F2
2000-09-21AA- (Stable)2005-06-29AA2005-06-29F1+2020-04-28F3
1998-07-14AA-2002-06-17AA2002-06-17F1+2020-02-07F2
1995-10-26AA-2000-09-21AA-2000-09-21F1+2019-08-09F2
1995-02-23AA-1998-07-14AA-1998-07-14F1+2019-02-22F2
1994-08-10AA1995-10-26AAA1995-10-26F1+2018-08-31F2
Fitch: Long term Rating

GradeMoody'sS&PFitch
PrimeAaaAAAAAA
High gradeAa1AA+AA+
Aa2AAAA
Aa3AA-AA-
Upper medium gradeA1A+A+
A2AA
A3A-A-
Lower medium gradeBaa1BBB+BBB+
Baa2BBBBBB
Baa3BBB-BBB-
Non-investment grade
speculative		Ba1BB+BB+
Ba2BBBB
Ba3BB-BB-
Highly speculativeB1B+B+
B2BB
B3B-B-
Substantial risksCaa1CCC+CCC+
Caa2CCCCCC
Caa3CCC-CCC-
Extremely speculativeCaCCCC
C
In default with little
prospect for recovery		SDRD
In defaultCDD
DD
DDD
Not ratedWRNR
GradeMoodysS&PFitch
High gradeP-1A-1+F1+
Upper medium gradeP-1A-1F1
Lower medium gradeP-2A-2F2
Non-investment grade
speculative		P-3A-3F3
Highly speculativeBB
Extremely speculativeNPCC