Moody's, outlook stable

| Mon, 04/27/2009 - 06:17

Italy got a stable credit outlook assessment from Moody's Monday but the ratings agency said the economy must start growing again to bring down its debt-to-GDP ratio.

Moody's rates Italy's debt Aa2, two marks below Germany's Aaa.

At just below 106 percent in 2008, Italy's debt-to-GDP ratio is the highest in the euro zone and the third biggest in the world after the United States and Japan.

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