Standard & Poor’s reduces Eni’s rating

- Standard & Poor’s lowered Eni’s credit, company announced Thursday

home > News from companies 24.03.2016 10:11 Sistem Kullanıcısı

Standard & Poor’s reduces Eni’s rating

Rating agency Standard & Poor’s lowered Eni’s long-term corporate credit rating to 'BBB+' from 'A-' with negative implications, according to the company's announcement on Thursday.

In addition, Standard & Poor’s confirmed an 'A-2' short term credit rating for Eni.

The rating action has been adopted mainly following the reduction of oil prices which Standard & Poor’s has taken into consideration in its evaluations.

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It has operations in 79 countries.

By Gulsen Cagatay

Anadolu Agency

gulsen.cagatay@aa.com.tr

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