Standard & Poor’s Upgrades Rome’s Credit Rating
Standard & Poor’s, a leading credit rating agency, has improved its assessment of Rome Capital’s economic and financial stability, assigning it a long-term rating of BBB with a stable outlook. This upgrade reflects the city’s “healthy and diversified” economy, supported by the central government’s financial assistance.
The agency specifically highlighted the following factors in its assessment:
Central government support: The government’s commitment to fully finance metro line projects and manage legal issues related to past work.
EU funding: Availability of EU Revolving Fund and subsidies related to the 2025 Jubilee, enabling Rome to invest without accumulating excessive debt.
Rome’s Mayor, Roberto Gualtieri, expressed satisfaction with the upgrade, acknowledging the dedication of various city departments and stakeholders in achieving this milestone.