Standard & Poor’s credit rating for Italy stands at BBB with negative outlook. Moody’s credit rating for Italy was last set at Baa3 with stable outlook. Fitch’s credit rating for Italy was last reported at BBB with negative outlook. DBRS’s credit rating for Italy is BBB (high) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Italy thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for Italy as reported by major credit rating agencies.