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.
Moody's
- Last update: 11 January 2021
- Long term: Baa2
- Short term: P-2
- Outlook: Stable
Standard & Poor's
- Last update: 22 February 2021
- Long term: BBB+
- Short term: A-2
- Outlook: Stable
Fitch
- Last update: 22 January 2021
- Long term: BBB+
- Short term: F2
- Outlook: Stable
Bond's rating is the same of the issuer's one (Moody's: Baa2 - 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 | |
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| 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 | ||
| 30/10/2017 | BBB+ | Upgrade to BBB+ following Sovereign upgrade | ||
| 23/10/2018 | Baa2 | Lowered to Baa2 on Sovereign rating downgrade | ||
| 29/10/2018 | BBB+ | Rating affirmed with negative Outlook, following same action on Sovereign rating | ||
| 27/10/2020 | BBB+ | Rating affirmed and revised the outlook from negative to stable | ||
| 11/01/2021 | Baa2 | Last rating affirmation | ||
| 22/01/2021 | BBB+ | Last rating affirmation | ||
| 22/02/2021 | BBB+ | Last rating affirmation | ||
Download the pdf file with the credit rating history.
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updated
11 March 2021 - 09:45 CET
11 March 2021 - 09:45 CET