Moody's cuts Italy's outlook to 'negative' from 'stable'

Global ratings agency Moody's cut Italy's outlook to "negative" from "stable" on Friday, weeks after Prime Minister Mario Draghi's resignation shook the country's political landscape.

Mr Draghi, named "Super Mario" due to his long career as a financial problem solver, had helped to shape Europe's tough response to Russia's invasion of Ukraine. He had also boosted Italy's standing in financial markets during his tenure.

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