Italy's deputy prime minister, Matteo Salvini said today that he hopes credit institutions would show no harm to Italy when its assessment of the country's debt, and once again he ruled out Italy's exit from the euro.
Moody's, which has a negative outlook on Italy's credit rating at Baa2, is waiting for the Italian government to announce its financial plans and said it will issue its verdict by the end of October. Standard & Poor's, which ranks Italy's debt at BBB with a stable outlook, is due to review its rating on October 26.
In a letter to Italy from the European Commission said that it is concerned about Italy's budget deficit plans over the next three years since it broke the European Union's request to do in July. But Italy insisted it would not back down on spending plans.
