Credit Rating

The Snam Group has access to capital markets in order to meet its short and long term financial needs through different sources of funding with the goal to maintain a solid and efficient capital structure.


  • Last update: 11 June 2018
  • Long term: Baa1 (under review for downgrade) 
  • Short term: not assigned
  • Outlook: Negative
Publishing date: 13 June 2012

Standard & Poor's

  • Last update: 8 Nov. 2017
  • Long term: BBB+
  • Short term: A-2
  • Outlook: Stable
Previous rating: BBB (9 December 2014)


  • Last update: 12 Oct. 2017
  • Long term: BBB+
  • Short term: F2
  • Outlook: Stable
Publishing date: 23 July 2015

Bond's rating is the same of the issuer's one (Moody's: Baa1 - Standard&Poor's: BBB+ - Fitch: BBB+).

Snam didn't have a credit rating until 2012, since financed through the former controlling company ENI.


Credit rating history

  Moody's S&P Fitch note

12/06/2012   A-   First-time rating
13/06/2012 Baa1     First-time rating
11/07/2013   BBB+   Lowered to BBB+ on Sovereign downgrade
09/12/2014   BBB   Lowered to BBB on Sovereign downgrade
23/07/2015     BBB+ First-time rating
12/10/2017     BBB+ Last rating affirmation, ratings affirmed @ BBB+ each year
30/10/2017   BBB+   Upgrade to BBB+ following Sovereign upgrade
08/11/2017   BBB+   Last rating affirmation
11/06/2018 Baa1*     Last rating affirmation, ratings affirmed @ Baa1 each year
* Under review for downgrade following rating action on Sovereign

Download the pdf file with the credit rating history.

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22 August 2018 - 15:49 CEST