Moody's shifts Eni outlook to negative

Moody's Investors Service said it revised the outlook to negative from stable and affirmed at Baa1 Eni SpA's senior unsecured debt ratings and the backed senior unsecured debt ratings of its guaranteed subsidiary, Eni Finance International SA and the backed senior unsecured debenture rating of Eni's wholly owned subsidiary, Eni USA Inc. at Baa2.

The weaker outlook on Eni's ratings is driven by the outlook revision on the Italian sovereign rating on Friday to negative from stable, Moody’s said.

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