October 11, 2024 09:22 GMT
UTILITIES: Italgas (IGIM Baa2/NR/BBB+): Moody’s Affirms Italgas and 2i Rete Gas
UTILITIES
- Both acquirer and target affirmed at Baa2 outlook stable by Moody’s.
- The enlarged scale of the group and higher share of regulated activities support the rating.
- Moody’s expects FFO/ND and RCF/ND averaging 12-14% and 8-10% in 2025-28.
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