Standard & Poor’s reduces Eni’s rating

The FINANCIAL — Rating agency Standard & Poor’s lowered Eni’s long-term corporate credit rating to ‘BBB+’, outlook Stable, from ‘A-‘ with CreditWatch with negative implications.

Standard & Poor’s confirmed the ‘A-2’ short term credit rating. The rating action has been adopted mainly following the reduction of the oil prices assumed by Standard & Poor’s within its evaluations, according to Eni.