Standard & Poor’s, Moody’s reduce Eni’s rating

Eni-flagRating agency Standard & Poor’s lowered Eni’s long-term corporate credit rating to ‘BBB+’, outlook Stable, from ‘A-‘ with CreditWatch with negative implications. Standard & Poor’s confirmed the ‘A-2’ short term credit rating. The rating action has been adopted mainly following the reduction of the oil prices assumed by Standard & Poor’s within its evaluations.

Rating agency Moody’s Investors Service lowered Eni’s long-term corporate credit rating to ”Baa1’, outlook Stable, from ”A3’ on review for downgrade. The rating agency confirmed the ”P-2’ short term credit rating.

(Eni Press Release)

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