Italian Prime Minister Giorgia Meloni praised the upgrade of Italy's credit rating by Fitch on Saturday, calling it a "clear sign of confidence" in the country’s fiscal plan and political stability. "The upgrade reflects increased confidence in Italy's fiscal trajectory," Fitch said, adding that the decision was underpinned by Rome’s “growing record of fiscal prudence" and commitment to meeting targets under the new EU fiscal framework. Fitch said the upgrade also took into account Italy's stable political environment. "These are not slogans, but concrete results," she said, calling the new rating a "clear sign of confidence from international markets." Despite the latest upgrade, Italy's medium- to long-term financial outlook remains concerning according to experts, as the country continues to suffer from low productivity and a rapidly ageing population.