Eni saw its long-term debt rating cut one notch from A3 to Baa1 but reaffirmed its Prime-2 short-term debt rating and said the ratings outlook for the company is “stable.”
Moody’s Baa1 rating is still considered investment grade.
Moody’s flagged up concerns about Eni’s cash flows due to low oil prices and its ability to bridge its funding gap with asset sales.
"Eni's
