Eni S.p.A.

News

• 15.01.2024
  Creditreform Rating AG (CRA) has withdrawn the unsolicited corporate issuer and issue ratings as well as the short-term rating of Eni Finance International SA. The unsolicited corporate issuer rating of Eni S.p.A. has been affirmed at BBB+ / L3. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Eni S.p.A. at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings and the withdrawal of the Eni Finance International SA's ratings, please refer to our press release below.
• 22.12.2023
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Eni S.p.A. as well as the unsolicited corporate issuer rating of Eni Finance International SA at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue ratings of the long-term local currency senior unsecured notes issued by Eni S.p.A. and Eni Finance International SA at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. The initial unsolicited short-term ratings of Eni S.p.A. and Eni Finance International SA have been set to L3. For more details regarding the ratings, please refer to our update report below.
• 10.11.2022
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Eni S.p.A. as well as the unsolicited corporate issuer rating of Eni Finance International SA at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Eni S.p.A. and Eni Finance International SA at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our rating report below.
• 05.11.2021
  Creditreform Rating has confirmed the unsolicited corporate issuer rating of Eni S.p.A. at BBB+. The outlook has been adjusted from negative to stable. After the outbreak of the COVID-19 pandemic and a significant decrease in sales and margins, the management developed a range of liquidity-protecting measures, including capex limitation, cost savings and the introduction of a variable dividend. These measures, along with the issuance of hybrid bonds, has allowed the company to withstand the crisis and keep its indebtedness at its pre-crisis level. Against the backdrop of the global stabilization of markets and commodity prices, development in the financial year 2021 shows a significant improvement in Eni´s earnings and cash flows, and consequently of its key financial figures, despite a slight decrease in exploration and production. The overall economic recovery with growing demand for energy sources and rising prices, along with the company´s strategy of restrained capex especially in upstream and controlled costs and distribution, support our rating assessment.
• 22.12.2020
  Creditreform Rating has updated the unsolicited rating on Eni S.p.A. and confirmed it at BBB+. The outlook is negative.
• 03.05.2019
  Creditreform Rating has carried out an unsolicited rating of Ente Nazionale Idrocarburi (Eni) S.p.A. The rating has been set to BBB+ with stable outlook.