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European rating agency. Objective, transparent, independent.

Eni S.p.A.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB+ Outlook STA 03.11.2021 05.11.2021
BBB+ Outlook NEG 17.12.2020 22.12.2020
BBB+ Outlook STA 26.04.2019 03.05.2019

News

  • 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.