In the context of a falling FTSE Mib index, the Snam stock is one of the most active and positive, with over 2,1 million shares changed hands and a gain of 0,55% at 3,272 euros per share.
Snam, the company that owns a large part of the Italian gas pipelines and is about to detach itself from Eni, has also ended up in the crosshairs of two important rating agencies such as Moody's and Standard & Poor's, in view of landing on the capital market. Moody's awarded the company the Baa1 rating with a stable outlook, given the low risk of the business.
The assigned short-term and long-term rating at Standard & Poor's it was A- and A-2, respectively. In addition to the excellent risk profile, the dominant position of the company in Italy contributes to positively directing the assessment, while the onerous development plan weighs negatively. The negative outlook, on the other hand, can be explained in the light of Italy's prospects.
