Core Viewpoint - Moody's has upgraded Italy's sovereign credit rating to Baa2 and changed the outlook to "stable," reflecting the country's political stability and effective economic policies [1][1][1] Group 1: Rating Upgrade - Moody's had maintained Italy's credit rating at Baa3 since October 2018 until this recent upgrade [1] - The upgrade indicates a robust and sustained performance in Italy's political stability and economic policy [1][1] Group 2: Economic and Fiscal Reforms - The upgrade is attributed to the effectiveness of economic and fiscal reforms, particularly under the "National Recovery and Resilience Plan" (PNRR) [1] - Italy is making good progress in achieving milestones and targets set by the PNRR, ranking among the top EU countries in terms of payment requests and disbursement amounts [1][1] Group 3: Government Response - Italy's Minister of Economy and Finance, Giancarlo Giorgetti, expressed satisfaction with Moody's decision, viewing it as a sign of confidence in the government's efforts and Italy's economic recovery [1]