Fitch Affirms Italgas Ratings Over New Strategic Plan

08:46 AM EST, 12/16/2025 (MT Newswires) -- Fitch Ratings on Tuesday affirmed Italgas' (IG.MI) long-term issuer default rating and senior unsecured rating at BBB+, with a stable outlook. The affirmation takes into account the Italian gas distributor's updated strategic plan for 2025 to 2031, which includes an increased capital expenditure plan. The ratings also incorporate Italgas' defensive business profile as Europe's leading gas distribution system operator, and its ambitious growth plans. The rating agency said the stable outlook reflects its expectations for the company to maintain comfortable rating headroom under funds from operations net leverage, with net debt to return below the negative sensitivity levels in the medium term.