International rating agency Moody's has upgraded Italy's sovereign credit rating from Baa3 to Baa2, maintaining a stable outlook. This achievement, 23 years after the previous upgrade, is linked to increased trust in the Italian government's financial policies and stability. According to the agency, the reforms and investments linked with the National Recovery and Resilience Plan (NRRP) help to enhance growth and improve public debt sustainability in the long run. Prime Minister Giorgia Meloni expressed her satisfaction with Moody's decision, underscoring the significance of the efforts undertaken by the government and the national productive sector. The official statement declares: "We welcome Moody's upgrade of Italy with considerable satisfaction, marking a significant milestone not achieved in 23 years. This distinction highlights our government's diligent and responsible work, which is the consequence of continuous financial decisions and structural reforms, as well as the hard work and dedication of our businesses and employees. I extend my sincere appreciation to Minister Giorgetti, specifically, for his consistent and diligent stewardship of the financial accounts. Moody's upgrade confirms market confidence not only in the administration, but in Italy as a whole".