Milan, 4 August 2017 - Fitch has affirmed Italgas S.p.A Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+'. The Outlook on the IDR is Stable.

The rating affirmation reflects Italgas's updated 2017-2023 business plan, which clarifies medium-term strategic and financial targets of the Italgas Group.

Fitch considers Italgas better placed for the current rating than last year due to a stronger cash flow generation and to the continuous implementation of the ambitious cost efficiency plan announced to the market by the management. Moreover, Italgas has been able to secure a low cost of funding having entirely built its debt structure also thanks to favourable market conditions.

For further information please visit https://www.fitchratings.com/site/pr/1027438

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Italgas S.p.A. published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 10:33:16 UTC.