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Rating

08/01/2024 - 12:30 PM

The rating is a summary indicator of a company’s "creditworthiness", and is provided by various independent international agencies (Rating Agencies)

Below are Telecom Italia's credit ratings, both current and historical, by the following credit bureaus:

 

Current Ratings assigned to the company

The rating agencies’ judgment on TIM - Standard & Poor’s, Moody’s e Fitch Ratings – is as follows:

Moody's 

 

latest update 

15/05/2025

S&P's

 

latest update

09/07/2024

Fitch Ratings

 

latest update

19/05/2025

RatingOutlookRatingOutlookRatingOutlook
Ba2Stable
BBStable
BBPositive

Ratings assigned to the bonds issued

All the bonds issued by Telecom Italia SpA, Telecom Italia Finance SA (guaranteed by Telecom Italia SpA) and Telecom Italia Capital SA (guaranteed by Telecom Italia SpA) are senior unsecured, therefore its's applied to them the same rating assigned to the issuer.

Rating History

The following tables illustrate the development of Telecom Italia's rating in a variable period.

 

Standard & Poor's

Telecom Italia S.p.A. 09/07/2024 Outlook changedBBSTABLE
Telecom Italia S.p.A. 09/11/2023Rating confirmed and Outlook changedB+UNDER REVIEW FOR UPGRADE
Telecom Italia S.p.A.  14/10/2022Rating changed/ Outlook confirmedB+NEGATIVE
Telecom Italia S.p.A.  23/03/2022Rating and Outlook  changedBB-NEGATIVE
Telecom Italia S.p.A.  19/11/2021Rating and Outlook  changedBBSTABLE 
Telecom Italia S.p.A.  06/10/2020Outlook changedBB+ NEGATIVE
Telecom Italia S.p.A. 28/10/2019 rating and outlook confirmed  BB+ STABLE 
Telecom Italia S.p.A. 16/11/2018 Outlook changed  BB+  STABLE 
Telecom Italia S.p.A. 12/07/2017 Outlook changed BB+ POSITIVE 
Telecom Italia S.p.A.23/11/2015Outlook and rating confirmedBB+STABLE
Telecom Italia S.p.A.28/11/2014outlook changedBB+STABLE
Telecom Italia S.p.A.
14/11/2013rating and outlook changedBB+NEGATIVE
Telecom Italia S.p.A.
07/10/2013rating under reviewBBB-CREDIT WATCH NEGATIVE
Telecom Italia S.p.A.12/08/2013outlook changedBBB-NEGATIVE
Telecom Italia S.p.A.23/05/2013rating and outlook changedBBB-STABLE
Telecom Italia S.p.A.14/02/2013rating under reviewBBB  *-CREDIT WATCH NEGATIVE
Telecom Italia S.p.A.04/10/2011outlook changedBBBNEGATIVE
Telecom Italia S.p.A.17/03/2008rating changed/ outlook changedBBBSTABLE
Telecom Italia S.p.A.30/03/2006rating confirmed/ outlook changedBBB+NEGATIVE
New Telecom Italia S.p.A. (after merger with TIM)07/12/2004rating confirmed/ outlook changedBBB+STABLE
New Telecom Italia S.p.A.26/11/2003rating confirmed/ outlook changedBBB+POSITIVE
New Telecom Italia S.p.A.30/07/2003 BBB+STABLE
Telecom Italia S.p.A.12/03/2003rating confirmed/ outlook changedBBB+STABLE
Telecom Italia S.p.A.05/06/2002rating confirmed/ outlook changedBBB+POSITIVE
Telecom Italia S.p.A.01/10/2001 rating confirmed/ positive watch removedBBB+STABLE
Telecom Italia S.p.A.30/07/2001rating confirmedBBB+POSITIVE WATCH
Telecom Italia S.p.A.02/04/2001rating confirmedBBB+POSITIVE WATCH
Telecom Italia S.p.A.28/03/2001assignment of the ratingBBB+POSITIVE WATCH

Moody's

Telecom Italia S.p.A. 15/05/2025Rating and Outlook changedBa2STABLE
Telecom Italia S.p.A. 12/06/2024Rating and Outlook changedBa3POSITIVE
Telecom Italia S.p.A. 06/11/2023rating confirmed and outlook changedB1UNDER REVIEW FOR UPGRADE
Telecom Italia S.p.A. 21/07/2022rating changed outlook confirmedB1NEGATIVE
Telecom Italia S.p.A. 08/03/2022rating and outlook changed Ba3NEGATIVE
Telecom Italia S.p.A. 23/06/2021 rating and outlook confirmed Ba2 NEGATIVE
Telecom Italia S.p.A. 10/12/2020 

rating changed

outlook confirmed 

Ba2 NEGATIVE 
Telecom Italia S.p.A. 21/07/2020 rating and outlook confirmed Ba1 NEGATIVE 
Telecom Italia S.p.A. 10/07/2019 outlook changed Ba1 NEGATIVE 
Telecom Italia S.p.A.09/05/2017outlook changedBa1STABLE
Telecom Italia S.p.A.08/10/2013rating and outlook changedBa1NEGATIVE
Telecom Italia S.p.A.08/08/2013rating on reviewBaa3CREDIT WATCH NEGATIVE
Telecom Italia S.p.A.11/02/2013rating changedBaa3NEGATIVE
Telecom Italia S.p.A.08/09/2011outlook changedBaa2NEGATIVE
New Telecom Italia S.p.A.(after merger with TIM)12/05/2008rating confirmed/ outlook changedBaa2STABLE
New Telecom Italia S.p.A. (after merger with TIM)03/12/2007rating confirmed/ outlook changedBaa2NEGATIVE
New Telecom Italia S.p.A. (after merger with TIM)07/12/2004rating confirmedBaa2STABLE
New Telecom Italia S.p.A.12/08/2003 Baa2STABLE
Telecom Italia S.p.A.12/03/2003under review  NEGATIVE
Telecom Italia S.p.A.19/12/2001rating confirmed/ outlook changedBaa1POSITIVE
Telecom Italia S.p.A.02/10/2001under review Baa1STABLE

Fitch Ratings

Telecom Italia S.p.A.19/05/2025 Outlook changedBBPOSITIVE
Telecom Italia S.p.A.30/07/2024Rating and Outlook changedBBSTABLE
Telecom Italia S.p.A. 10/11/2023rating confirmed and outlook changedBB-UNDER REVIEW FOR UPGRADE
Telecom Italia S.p.A. 15/11/2022rating changed and outlook confirmedBB- NEGATIVE 
Telecom Italia S.p.A. 18/03/2022rating and outlook changedBB NEGATIVE 
Telecom Italia S.p.A. 23/03/2021rating and outlook confirmedBB+ STABLE 
Telecom Italia S.p.A. 05/04/2019 rating and outlook changed BB+ STABLE 
Telecom Italia S.p.A. 04/10/2018 outlook changed BBB- NEGATIVE 
Telecom Italia S.p.A.09/02/2017rating and outlook confirmedBBB-STABLE
Telecom Italia S.p.A.20/11/2015rating confirmed/ outlook changedBBB-STABLE
Telecom Italia S.p.A.04/10/2013rating changed/ outlook confirmedBBB-NEGATIVE
Telecom Italia S.p.A.05/08/2013rating changed/ outlook confirmedBBB-NEGATIVE
Telecom Italia S.p.A.11/10/2011rating confirmed/ outlook changedBBBNEGATIVE
Telecom Italia S.p.A.
11/12/2008rating changed/ outlook changedBBBSTABLE
Telecom Italia S.p.A.
11/04/2006rating changed/ outlook changedBBB+STABLE
New Telecom Italia S.p.A. (after merger with TIM)07/12/2004rating confirmed/ outlook changedA-NEGATIVE
New Telecom Italia S.p.A.05/08/2003
riaffirmed 12/11/2004		 A-STABLE

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