• FINANCE, STRATEGY AND REPORTING

Eni: Moody's reduces long-term credit rating

The rating action on Eni follows the downgrade on the Italian sovereign rating.

 

San Donato Milanese (MI), 23 October 2018 – Rating agency Moody's Investors Service has downgraded Eni’s long-term credit rating to ‘Baa1’ from ‘A3’, with Stable outlook. Moody’s also confirmed Eni’s ‘P-2’ short term credit rating.

The rating action on Eni follows the downgrade on the Italian sovereign rating to ‘Baa3’ from ‘Baa2’, with Stable outlook, and reflects Moody’s view that despite the favorable prospects for the company and the expectation of strong credit metrics, the lower Italy sovereign rating results in a downgrade of Eni’s rating. Indeed, Moody’s methodology allows for a maximum two notches differential between a “Government Related Issuer’s” rating as Eni and Italy’s sovereign credit rating.

Media Relations

ufficio.stampa@eni.com

Investor Relations

Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): + 80011223456

investor.relations@eni.com


Back to top
Back to top