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Italy to remain on low side of investment grade, Moody's +rp

'High side for speculative investments' says ratings agency

18 March, 14:28
Italy to remain on low side of investment grade, Moody's +rp (ANSA) - Rome, March 18 - Moody's on Tuesday said Italy was likely to remain "on the lowest side of the investment-grade rating in the foreseeable future". However the ratings agency said the eurozone's third-largest economy would likely be on the high side as far as speculative investments are concerned. On Friday, rival ratings agency Fitch warned that Italy's economic growth will be "modest" through 2015, with 0.6% growth in 2014 and 1% in 2015.

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