Italgas — Capital/Financing Update 2021

Nov 25, 2021

Informazione Regolamentata n. 0167-81-2021		Data/Ora Ricezione 25 Novembre 2021 16:29:34	Euronext Milan
Societa'	:	ITALGAS
Identificativo Informazione Regolamentata	:	154579
Nome utilizzatore	:	ITALGASN01 - Scaglia
Tipologia	:	3.1
Data/Ora Ricezione	:	25 Novembre 2021 16:29:34
Data/Ora Inizio Diffusione presunta	:	25 Novembre 2021 16:29:35
Oggetto	:	Moody's Investors Service (Moody's) affirms Italgas at 'Baa2', Stable Outlook
Testo del comunicato

Vedi allegato.

Moody's Investors Service (Moody's) affirms Italgas at 'Baa2', Stable Outlook

Milan, 25 November 2021 – Moody's Investors Service (Moody's) has affirmed today Italgas S.p.A Long-Term Issuer rating at 'Baa2', Stable Outlook. The rating affirmation is based on the strong track record of operational efficiencies and on the solid financial position, as well as on the low risk profile of the gas distribution business.

In particular, the agency emphasizes the Company's steady focus on costs optimization, achieved through technological innovation and digitization activities, the ability to execute planned investments and the persistence of an extremely low cost of debt, thanks to which the Company is able to sustain its profitability and a robust cashflow generation.

Finally, Moody's highlights Italgas' appointment as preferred bidder for the privatization of DEPA Infrastructure, the Greek company managing 100% of the Country's gas distribution network.

This press release is available at the following address www.italgas.it

Investor Relations Italgas +39 02 8187 2175 investor.relations@italgas.it

Italgas Press Office +39 02 8187 2020 ufficio.stampa@italgas.it