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Moody's affirms Italy's government rating at Baa2
April 26, 2013 / 9:36 PM / 4 years ago

Moody's affirms Italy's government rating at Baa2

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.”

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