CDP RETI: Moody’s affirms rating at Baa3 and revises the outlook to stable from negative

Rome, 21 November 2023 h. 20:55 – CDP RETI SpA has reported that, as of today, the rating agency Moody’s has affirmed the long-term rating of the Company at Baa3 and revised the outlook to stable from negative.

The decision follows the action recently taken by Moody’s on the Republic of Italy’s ratings.

CDP RETI SpA is an investment vehicle owned by Cassa Depositi e Prestiti SpA (59.1%), State Grid Europe Limited (35%), a member of State Grid Corporation of China Group, and a group of Italian institutional investors (5.9%). CDP RETI’s mission is to manage the investments in SNAM (31.35% at 30 June 2023), TERNA (29.85% at 30 June 2023) and ITALGAS (25.99% at 30 June 2023).