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Snam Capital/Financing Update 2020
4042_rns_2020-10-27_638e9818-d44c-4392-a668-81cf73a54401.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0542-85-2020 |
Data/Ora Ricezione 27 Ottobre 2020 19:04:58 |
MTA | |
|---|---|---|---|
| Societa' | : | SNAM SPA | |
| Identificativo Informazione Regolamentata |
: | 138473 | |
| Nome utilizzatore | : | SNAMN05 - Palladino | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 27 Ottobre 2020 19:04:58 | |
| Data/Ora Inizio Diffusione presunta |
: | 27 Ottobre 2020 19:04:59 | |
| Oggetto | : | Snam: S&P affirms rating at BBB+, outlook improved to stable |
|
| Testo del comunicato |
Vedi allegato.
Snam: S&P affirms rating at BBB+, outlook improved to stable
San Donato Milanese (MI), 27 October 2020 – Snam announces that today the rating agency S&P has affirmed the Company's long-term corporate credit rating at BBB+ and revised the outlook from negative to stable.
The decision reflects the similar action taken on the outlook of the Italian Government's sovereign rating (BBB with outlook revised from negative to stable) announced on 23rd October. Snam's short-term rating is affirmed at A-2.
The rating agency continues to assess Snam's stand-alone credit profile (SACP) at "a-".
The assessment recognizesthe Company's leadership in natural gas infrastructure and in the energy transition, as well as the stable and predictable cash flow generation from regulated operations in Italy.
Moreover, S&P forecasts that Snam will be able to keep Adjusted Funds from Operation to debt (FFO/Net Debt) comfortably above 12% over the next two years, which marks the threshold for maintaining an "a-" SACP.
snam press office T+ 39 02.37037273 [email protected]