CDP RETI: Moody’s and Fitch assign rating

Rome, 13 May 2015 - CDP RETI Spa communicates that on 12 May 2015 rating agencies Moody’s and Fitch assigned the company an investment grade rating respectively of Baa3 and BBB with stable outlook.

CDP RETI is an investment vehicle established in October 2012 whose shareholders are Cassa depositi e prestiti Spa, with a stake of 59.1%; State Grid Europe Limited (company belonging to State Grid Corporation of China Group), with a stake of 35.0%; and a group of Italian institutional investors, with a stake of 5.9%.

CDP RETI’s mission is to manage its holdings in SNAM (28.98%) and TERNA (29.85%).