Fitch Ratings (“Fitch”) affirms Italgas at ‘BBB+’, Outlook Stable

Milan, 1 August 2018 – 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 updated 2018-2024 business plan, which confirms Italgas strategic and financial targets in the medium-term.

Fitch highlights that Italgas target of increasing its market share in the Italian gas distribution market, also thanks to M&A transactions, is supported by a stronger investment plan compared to the one presented last year, with a high focus on digitization of assets and processes. Moreover, Italgas can rely on a solid debt structure with a competitive cost of debt, composed by a high percentage of fixed-rate debt with a long-term average maturity, thus reducing both refinancing and interest rate risks and allowing the Company to preserve a solid liquidity provided by available committed credit lines.

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Italgas stock confirmed in the FTSE4good index series

Milan, 1 August 2018 –Italgas has been confirmed in the FTSE4Good series of indices, one of the world’s most prestigious stock exchange indices for assessing corporate social responsibility.

Italgas joined the FTSE4Good index in 2017, following its return to the stock market in November 2016.

The evaluation was carried out as part of the June 2018 review in an independent way, meeting the criteria of the FTSE methodology in the Environmental, Social and Governance (ESG) area.

With 88 points out of 100, the result demonstrates Italgas’ commitment to sustainable development based on the company’s leadership in interacting with its social context, aimed at creating opportunities focused on the principle of shared value.

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