Moody's affirms Italy's government rating at Baa2
NEW YORK, April 26
NEW YORK, April 26 (Reuters) - Moody's Investors Service on Friday affirmed Italy's Baa2 long-term government bond ratings, with a negative outlook, citing the country's subdued growth prospects balanced against low funding costs.
The country's "medium-term growth rate will continue to be anemic," Moody's said in a statement.
But Italy also has "low funding costs, which, if sustained, buy time for the government to implement reforms and for growth to resume."
- Target holiday cyber breach hits 40 million payment cards
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion
- Special Report: Why Ukraine spurned the EU and embraced Russia
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge