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Fitch Places Telecom Italia on Rating Watch Positive Following Board's Nod of Poste Italiane Offer

MT Newswires·08/11/2026 00:25:48
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12:25 AM EDT, 08/11/2026 (MT Newswires) -- Fitch Ratings placed Telecom Italia's (TIT.MI) BB+ long-term issuer default rating on Rating Watch Positive following its board's approval of a tender offer from Poste Italiane (PST.MI). The rating agency said in a Monday release that the deal could improve the Italian telecom company's credit profile and result in a rating uplift. Fitch noted that Poste Italiane's strong links with the Italian government could lead to the rating uplift under its Government-related Entities Rating Criteria. Fitch expects to resolve the Rating Watch Positive after the completion of the offer process.