Moody's Raises Snam's Outlook to Positive Amid Lower Leverage Expectations, Affirms Rating

03:06 AM EST, 12/14/2025 (MT Newswires) -- Moody's lifted Snam's (SRG.MI) outlook to positive from stable on Dec. 12, affirming its Baa2 long-term issuer rating. The positive outlook is based on the rating agency's expectation that the Italian energy infrastructure company's credit metrics could align with a higher rating, given Moody's reduced minimum credit metric levels for a Baa1 rating and its anticipation that Snam's leverage will be modestly below its previous estimates. The company's Baa2 rating remains underpinned by its strategic position in the transmission, storage, and regasification of natural gas in Italy, its role in executing the country's energy plan, and the mainly regulated nature of its activities.