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Fitch, Italy's negative credit watch weighs on senior utility bonds

The rating on the senior unsecured debt of Terna, Enel and Acea has been placed under observation by the American agency – The long-term ratings of the three companies have instead been confirmed.

Fitch, Italy's negative credit watch weighs on senior utility bonds

After placing the Italy's sovereign rating in a negative credit watch, even our country's utilities are kept in sight. This is how the American agency Fitch explains the decision to put the rating of the senior unsecured debts of Terna, Enel and Acea under observation.

As far as Terna is concerned, the rating on the senior bond is currently A+ and Fitch confirmed both the short-term rating at F1 and the long-term rating at A. Terna's stock gains 1,35% on the Milanese list, around 12.15. 

The senior debts of Enel and Enel Investment Holding, rated "A" by Fitch, were also placed under observation, while the long-term ratings were confirmed. Enel's share remains, at the same time, at parity.  

For Acea's senior bonds, which now have an "A+" rating, the review was confirmed and the stock lost 1,77%. 

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