Long-Term Local Currency Senior Unsecured Issues

Terna Rete Elettrica Nazionale S.p.A.

Rating	Watch	Outlook	Decision Date	Action Validity Date	Maximum Validity
BBB		Outlook STA	16.12.2020	18.12.2020
BBB			14.12.2018	21.12.2018

18.12.2020

Based on the unsolicited corporate issuer rating of Terna Rete Elletrica Nazionale S.p.A. (BBB / stable), Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Terna Rete Elletrica Nazionale S.p.A. The rating objects in question are exclusively the long-term senior unsecured issues denominated in euro, which have been issued by Terna Rete Elletrica Nazionale S.p.A., and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with BBB / stable.
21.12.2018

Based on the unsolicited corporate issuer rating of Terna Rete Elettrica Nazionale S.p.A. (BBB / stable) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Terna Rete Elettrica Nazionale S.p.A.
The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Terna Rete Elettrica Nazionale S.p.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with BBB.