Moody's sees little credit impact for Italy from political crisis

MILAN Thu Dec 13, 2012 3:59am EST

MILAN Dec 13 (Reuters) - Moody's said on Thursday political turmoil stemming from the announced early departure of Prime Minister Mario Monti would have limited impact on Italy's sovreign credit rating.

The rating agency said a victory of the centre-left PD party of Pierluigi Bersani, now leading in opinion polls, would likely result in Italy sticking to Monti's reform agenda.

"We expect he will maintain a reform-oriented policy agenda," Moody's said in a research note.

Moody's rates Italy's sovereign debt Baa2, two notches above junk, with a negative outlook.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.