AI Terminal
Italgas
Capital/Financing Update • Oct 9, 2024
4178_rns_2024-10-09_d9e374de-4d1d-4794-955c-578db5366f5c.pdf
Capital/Financing Update
Open in ViewerOpens in native device viewer
| Informazione Regolamentata n. 0167-82-2024 |
Data/Ora Inizio Diffusione 9 Ottobre 2024 15:33:02 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | ITALGAS | |
| Identificativo Informazione Regolamentata |
: | 196638 | |
| Utenza - Referente | : | ITALGASN01 - Scaglia | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 9 Ottobre 2024 15:33:02 | |
| Data/Ora Inizio Diffusione | : | 9 Ottobre 2024 15:33:02 | |
| Oggetto | : | Italgas: Fitch Ratings (Fitch) affirms rating and outlook |
|
| Testo del comunicato |
Vedi allegato
Press Release
Italgas: Fitch Ratings (Fitch) affirms rating and outlook
Milan, October 9, 2024 – The rating agency Fitch affirmed today Italgas S.p.A's Long-term Issuer rating at 'BBB+', Stable Outlook.
The 'BBB+' rating affirmation "follows the agreement reached for the acquisition of 2i Rete Gas S.p.A. and reflects the improved business risk profile of the combined entity, expected funds from operations (FFO) net leverage consistent with the current rating (also thanks to the expected equity increase)" and the commitments made by management towards deleveraging.
Furthermore, the rating reflects Italgas's positive track record in executing acquisitions and enhancing operating profitability, recognizing its ability to anticipate gas sector trends with the aim of effectively handling and managing renewable gases.
This press release is available at the following address www.italgas.it
Investor Relations Italgas +39 02 8187 2012 [email protected]t