Italy Credit Rating

Current Italy credit ratings, according to main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BBB - 27 Jul 2022 outlook downgrade
Moody's Investors Service Baa3 - 18 Nov 2023 outlook upgrade
Fitch Ratings BBB - 6 Dec 2021 rating upgrade
DBRS BBB (high) - 1 Nov 2021 outlook upgrade

Italy: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR

Italy Credit Ratings historical data

Timetable of Italy credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date S&P Moody's Fitch DBRS
18 Nov 2023 Baa3
8 Aug 2022 Baa3
27 Jul 2022 BBB
6 Dec 2021 BBB
1 Nov 2021 BBB (high)
26 Oct 2021 BBB
24 Oct 2020 BBB
11 May 2020 BBB (high)
29 Apr 2020 BBB-
27 Oct 2018 BBB
20 Oct 2018 Baa3
31 Aug 2018 BBB
25 May 2018 Baa2
27 Oct 2017 BBB
21 Apr 2017 BBB
13 Jan 2017 BBB (high)
7 Dec 2016 Baa2
21 Oct 2016 BBB+
5 Aug 2016 A (low)
5 Dec 2014 BBB-
25 Apr 2014 BBB+
14 Feb 2014 Baa2
9 Jul 2013 BBB
8 Mar 2013 BBB+
6 Mar 2013 A (low)
8 Aug 2012 A
13 Jul 2012 Baa2
22 May 2012 A (high)
13 Feb 2012 A3
27 Jan 2012 A-
13 Jan 2012 BBB+
9 Nov 2011 A (high)
7 Oct 2011 A+
4 Oct 2011 A2
19 Sep 2011 A
17 Jun 2011 Aa2
20 May 2011 A+
3 Feb 2011 AA (low)
19 Oct 2006 A+ AA-
8 Aug 2005 AA-
29 Jun 2005 AA
7 Jul 2004 AA-
15 Jan 2003 AA
17 Jun 2002 AA
15 May 2002 Aa2
6 May 1998 AA
3 Jul 1996 Aa3
1 May 1996 A1
23 Feb 1995 AA-
3 Feb 1995 AA
10 Aug 1994 AA
1 Mar 1993 AA
25 Feb 1993 Aa3
13 Aug 1992 Aa3
6 May 1992 AA+
1 Jul 1991 Aa1
30 May 1991 AA+
26 Jun 1989 AA+
23 Nov 1988 AA+
10 Oct 1986 Aaa

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