Moody’s affirms ratings for CDP RETI at Baa3. The Outlook is stable.

Rome, 24 October 2018 h. 18:38 – CDP RETI Spa announces that today the rating agency Moody’s has affirmed CDP RETI’s long-term ratings at Baa3. The Outlook remains stable.

The affirmation follows the action recently taken by the agency on the parent company, Cassa depositi e prestiti Spa, which in turn, reflects the review of 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, a member of State Grid Corporation Group of China (35%), and a group of Italian institutional investors (5.9%). CDP RETI’s mission is to manage the investments in SNAM (30.37%), TERNA (29.85%) and ITALGAS (26.04%).