Moody's upgrades Telecom Italia's rating on deleveraging progress

Telecom Italia SpA

11/05/2026 19:06

May 11 (Reuters) - Moody's upgraded Telecom Italia's long-term corporate family rating to "Ba1" from "Ba2" on Monday, citing consistent execution of its strategic plan that led to a structurally deleveraged balance sheet and improving credit metrics.

"We expect the company to continue to generate positive free cash flow over 2026-2028, which, together with ongoing debt repayment, will underpin further deleveraging," said Ernesto Bisagno, vice president at the credit ratings agency.

 (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)

 ((Aatrayee.Chatterjee@thomsonreuters.com;))