Makrognosis

Italy Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:IT

Model score76 / 1009 Nov 2026
Grade equivalentAmodel-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank27th of 84economies scored

Makrognosis sovereign credit model scores Italy at 76 out of 100 as of 9 November 2026, equivalent to A on the familiar letter scale — investment grade.

The score is down 0.7 points from 76 on 1 October 2026.

That places Italy 27th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 139.9% of GDP, a fiscal balance of −3.1% of GDP, a current account balance of 0.7% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Italy sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20266870727476Robomacro
Italy sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202675.8A
1 October 202676.5A
31 July 202676.5A
30 July 202672.4A-
26 July 202673.9A
21 June 202670.4A-
18 June 202669.7A-
Get the Italy sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/IT"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/IT",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Italy, from official national and international statistics.

InputValueVintage
GDP per capitaUS$38,4302026
Real GDP growth, 5-year average3.4%2026
Inflation, recent average2.6%2026
Government debt139.9% of GDP2026
Fiscal balance−3.1% of GDP2026
Current account balance0.7% of GDP2026
Foreign-exchange reserves5.7 months of imports2026
Net international investment position14.5% of GDP2026
Governance (World Bank WGI composite)0.6632026

How Italy compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
22Jamaica9 Nov 202680
23Belgium9 Nov 202680
24Hong Kong9 Nov 202678
25Spain9 Nov 202678
26Estonia9 Nov 202676
27Italy9 Nov 202676
28Uruguay9 Nov 202675
29Portugal9 Nov 202675
30Poland9 Nov 202673
31Czech Republic9 Nov 202672
32Chile9 Nov 202671
33Israel9 Nov 202669

All 84 economies ranked →

Italy economic indicators

Italy GDP (Gross Domestic Product)Italy Gross domestic product, Current prices, million EURItaly Inflation Rate (CPI)Italy Core Inflation RateItaly Unemployment RateItaly 10-Year Government Bond YieldItaly Industrial ProductionItaly Retail SalesItaly Producer Price Inflation (PPI)Italy Current account balance (BPM6, vs rest of world), not seasonally adjustedItaly Current account balance, % of GDPItaly Trade Balance: Goods & ServicesItaly Exports of goods and services, Current prices, million EURItaly Exports of goods and services, chain-linked volumeItaly Exports of goods, total trade (World), seasonally adjustedItaly Imports of goods and services, Current prices, million EUR

FAQ

What is Italy's credit rating?
Makrognosis sovereign credit model scores Italy at 76/100 as of 9 November 2026, equivalent to A (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/IT returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.