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Moody's affirms Italy's 'Baa3' ratings

Nov 6 (Reuters) - Ratings agency Moody's on Friday affirmed Italy's sovereign credit rating at "Baa3", saying that the country's economy is expected to recover from the deep pandemic-induced contraction in the first half of the year. "Italy's debt burden is rising substantially this year and will remain very high for many years, which is an important constraint on the rating," the agency said in its statement. (https://bit.ly/38jpX8H)

Moody's also affirmed Italy's outlook at "stable". (Reporting by Bhanvi Satija in Bengaluru; Editing by Vinay Dwivedi)