S&P stabilizes views on Snam, Terna

S&P said it revised the outlooks for Snam SpA and Terna SpA to stable from positive and affirmed their BBB+ ratings.

On Tuesday, the agency revised its outlook on Italy to stable from positive and affirmed its ratings.

“The sovereign's creditworthiness is a key credit driver for domestic energy transmission system operators (TSOs) Snam and Terna, since we believe their networks are exposed to a potential default of Italy, which would in turn reduce their ability to finance their operations,” S&P said in a press release.

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