Menu

Rating

08/04/2016 - 10:30 AM

- + Text size
Print

The rating is a summary indicator of a company’s "creditworthiness", and is provided by various independent international agencies (Rating Agencies)

Below are Telecom Italia's credit ratings, both current and historical, by the following credit bureaus:

 

Current Ratings assigned to the company

Moody's

S&P's

Fitch Ratings

Latest Update

12 Jul 2016

Latest update

23 Nov 2015

Latest update 
  7 Jul 2016
Rating Outlook Rating Outlook Rating Outlook
Ba1 Negative
BB+ Stable BBB- Stable  

Ratings assigned to the bonds issued

All the bonds issued by Telecom Italia SpATelecom Italia Finance SA (guaranteed by Telecom Italia SpA) and Telecom Italia Capital SA (guaranteed by Telecom Italia SpA) are senior unsecured, therefore its's applied to them the same rating assigned to the issuer.

 

The only exception is the guaranteed subordinated Mandatory Convertible Bond issued by TI Finance and convertible into Telecom Italia ordinary shares, issued on November 15, 2013 (maturity day on November 15, 2016), which has the following rating :

  • S&P’s: B+ (Negative Outlook) 

 

Rating History

The following tables illustrate the development of Telecom Italia's rating in a variable period.

 

Standard & Poor's

Telecom Italia S.p.A. 23/11/2015 Outlook and rating confirmed BB+ STABLE
Telecom Italia S.p.A. 28/11/2014 outlook changed BB+ STABLE
Telecom Italia S.p.A.
14/11/2013 rating and outlook changed BB+ NEGATIVE
Telecom Italia S.p.A.
07/10/2013 rating under review BBB- CREDIT WATCH NEGATIVE
Telecom Italia S.p.A. 12/08/2013 outlook changed BBB- NEGATIVE
Telecom Italia S.p.A. 23/05/2013 rating and outlook changed BBB- STABLE
Telecom Italia S.p.A. 14/02/2013 rating under review BBB  *- CREDIT WATCH NEGATIVE
Telecom Italia S.p.A. 04/10/2011 outlook changed BBB NEGATIVE
Telecom Italia S.p.A. 17/03/2008 rating changed/ outlook changed BBB STABLE
Telecom Italia S.p.A. 30/03/2006 rating confirmed/ outlook changed BBB+ NEGATIVE
New Telecom Italia S.p.A. (after merger with TIM) 07/12/2004 rating confirmed/ outlook changed BBB+ STABLE
New Telecom Italia S.p.A. 26/11/2003 rating confirmed/ outlook changed BBB+ POSITIVE
New Telecom Italia S.p.A. 30/07/2003   BBB+ STABLE
Telecom Italia S.p.A. 12/03/2003 rating confirmed/ outlook changed BBB+ STABLE
Telecom Italia S.p.A. 05/06/2002 rating confirmed/ outlook changed BBB+ POSITIVE
Telecom Italia S.p.A. 01/10/2001  rating confirmed/ positive watch removed BBB+ STABLE
Telecom Italia S.p.A. 30/07/2001 rating confirmed BBB+ POSITIVE WATCH
Telecom Italia S.p.A. 02/04/2001 rating confirmed BBB+ POSITIVE WATCH
Telecom Italia S.p.A. 28/03/2001 assignment of the rating BBB+ POSITIVE WATCH

Moody's

Telecom Italia S.p.A. 08/10/2013 rating and outlook changed Ba1 NEGATIVE
Telecom Italia S.p.A. 08/08/2013 rating on review Baa3 CREDIT WATCH NEGATIVE
Telecom Italia S.p.A. 11/02/2013 rating changed Baa3 NEGATIVE
Telecom Italia S.p.A. 08/09/2011 outlook changed Baa2 NEGATIVE
New Telecom Italia S.p.A.(after merger with TIM) 12/05/2008 rating confirmed/ outlook changed Baa2 STABLE
New Telecom Italia S.p.A. (after merger with TIM) 03/12/2007 rating confirmed/ outlook changed Baa2 NEGATIVE
New Telecom Italia S.p.A. (after merger with TIM) 07/12/2004 rating confirmed Baa2 STABLE
New Telecom Italia S.p.A. 12/08/2003   Baa2 STABLE
Telecom Italia S.p.A. 12/03/2003 under review    NEGATIVE
Telecom Italia S.p.A. 19/12/2001 rating confirmed/ outlook changed Baa1 POSITIVE
Telecom Italia S.p.A. 02/10/2001 under review  Baa1 STABLE

Fitch Ratings

Telecom Italia S.p.A. 20/11/2015 rating confirmed/ outlook changed BBB- STABLE
Telecom Italia S.p.A. 04/10/2013 rating changed/ outlook confirmed BBB- NEGATIVE
Telecom Italia S.p.A. 05/08/2013 rating changed/ outlook confirmed BBB- NEGATIVE
Telecom Italia S.p.A. 11/10/2011 rating confirmed/ outlook changed BBB NEGATIVE
Telecom Italia S.p.A.
11/12/2008 rating changed/ outlook changed BBB STABLE
Telecom Italia S.p.A.
11/04/2006 rating changed/ outlook changed BBB+ STABLE
New Telecom Italia S.p.A. (after merger with TIM) 07/12/2004 rating confirmed/ outlook changed A- NEGATIVE
New Telecom Italia S.p.A. 05/08/2003
riaffirmed 12/11/2004
  A- STABLE