Terna — Capital/Financing Update 2024

Feb 6, 2024

MOODY'S CONFIRMS TERNA'S RATING

Following an update of the "Government-Related Issuers" (GRI) methodology

Rome, 6 February 2024 - Following the update of the "Government-Related Issuers" (GRI) methodology, through which the rating agency has extended its scope of application also to some entities indirectly owned by governments, today Moody's once again affirmed the long-term rating of Terna S.p.A. (Terna) at 'Baa2', a notch above the rating of the Italian Republic, with stable outlook.

The rating agency also affirmed Terna's 'P-2' short-term rating and the 'Ba1' rating of Terna's subordinated debt.