Home Business Italgas: Moody’s confirms ‘Baa2’ rating, stable outlook

Italgas: Moody’s confirms ‘Baa2’ rating, stable outlook

by admin
  1. Home ››
  2. News >>
  3. News Italy ››


FACEBOOK
TWITTER
LINKEDIN

Moody’s confirmed Italgas’ long-term credit rating at Baa2, with a stable outlook. “The certification of the rating is based on the long track record of operational efficiency and on a solid financial position, as well as on the low risk profile associated with the gas distribution business”, reads a note.

In particular, the agency underlines the company’s constant attention to cost optimization, achievable thanks to technological innovation and digitization initiatives, the ability to execute planned investments and the maintenance of an extremely low cost of debt, thanks to which the Company is able to support its profitability and a robust cash generation capacity. Lastly, Moody’s highlights the result achieved by Italgas with the appointment as preferred bidder for the privatization of DEPA Infrastructure, the Greek company which owns 100% of the country’s gas distribution.

See also  TikTok car logo exposure: the style is consistent with TikTok APP-ByteDance-cnBeta.COM
0 comment
0

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy