Fitch upgrades #Italy rating to BBB from BBB-; outlook stable citing robust econ growth. Expects GDP

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Fitch upgrades #Italy rating to BBB from BBB-; outlook stable citing robust econ growth. Expects GDP to reach its pre-pandemic level in 1Q22, only 2yrs after 18% hit from the pandemic shock in 1H20. Contrast w/significantly weaker recovery following GFC and Euro crisis in 2009/12 h/t Holger Zschaepitz

Fitch upgrades #Italy rating to BBB from BBB-; outlook stable citing robust econ growth. Expects GDP

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