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:
Profile
We are the number one telecommunications company in Italy and through our technologies and innovative services we are leading the charge in the digital transition in Italy and Brazil. Read more
TIM Capital Market Day 2024
The presentation was held on March 7th, 2024, being focused on 2024-’26 Plan, a strategy update and insights on recent business developments in Italy and Brazil. Follow on demand
Sustainability for TIM
We want to help accelerate the sustainable growth of the economy and society by bringing value and prosperity to people, companies and institutions. Read more
Latest press releases
Read the latest press releases and search the archives of TIM Group's Press Office. Read more
02/15/2024 - 02:30 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:
The rating agencies’ judgment on TIM - Standard & Poor’s, Moody’s e Fitch Ratings – is as follows:
Moody's
latest update 06/11/2023 | S&P's
latest update 09/11/2023 | Fitch Ratings
latest update 10/11/2023 | |||
---|---|---|---|---|---|
Rating | Outlook | Rating | Outlook | Rating | Outlook |
B1 | Under review for upgrade | B+ | Under review for upgrade | BB- | Under review for upgrade |
At December 31, 2023 the rating agencies’ judgment on TIM - Standard & Poor’s, Moody’s e Fitch Ratings – is as follows:
On November 6, 2023 Moody’s put Telecom Italia B1 rating under review for possible future upgrade.
On November 9, 2023 Standard & Poor’s put Telecom Italia B+ rating under review for possible future upgrade.
On November 10, 2023 Fitch put Telecom Italia BB- rating under review for possible future upgrade.
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.
The following tables illustrate the development of Telecom Italia's rating in a variable period.
Standard & Poor's
Telecom Italia S.p.A. | 09/11/2023 | Rating confirmed and Outlook changed | B+ | UNDER REVIEW FOR UPGRADE |
Telecom Italia S.p.A. | 14/10/2022 | Rating changed/ Outlook confirmed | B+ | NEGATIVE |
Telecom Italia S.p.A. | 23/03/2022 | Rating and Outlook changed | BB- | NEGATIVE |
Telecom Italia S.p.A. | 19/11/2021 | Rating and Outlook changed | BB | STABLE |
Telecom Italia S.p.A. | 06/10/2020 | Outlook changed | BB+ | 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. | 23/11/2015 | Outlook and rating confirmed | BB+ | STABLE |
Telecom Italia S.p.A. | 28/11/2014 | outlook changed | BB+ | STABLE |
Telecom Italia S.p.A. | 14/11/2013 | rating and outlook changed | BB+ | NEGATIVE |
Telecom Italia S.p.A. | 07/10/2013 | rating under review | BBB- | CREDIT WATCH NEGATIVE |
Telecom Italia S.p.A. | 12/08/2013 | outlook changed | BBB- | NEGATIVE |
Telecom Italia S.p.A. | 23/05/2013 | rating and outlook changed | BBB- | STABLE |
Telecom Italia S.p.A. | 14/02/2013 | rating under review | BBB *- | CREDIT WATCH NEGATIVE |
Telecom Italia S.p.A. | 04/10/2011 | outlook changed | BBB | NEGATIVE |
Telecom Italia S.p.A. | 17/03/2008 | rating changed/ outlook changed | BBB | STABLE |
Telecom Italia S.p.A. | 30/03/2006 | rating confirmed/ outlook changed | BBB+ | NEGATIVE |
New Telecom Italia S.p.A. (after merger with TIM) | 07/12/2004 | rating confirmed/ outlook changed | BBB+ | STABLE |
New Telecom Italia S.p.A. | 26/11/2003 | rating confirmed/ outlook changed | BBB+ | POSITIVE |
New Telecom Italia S.p.A. | 30/07/2003 | BBB+ | STABLE | |
Telecom Italia S.p.A. | 12/03/2003 | rating confirmed/ outlook changed | BBB+ | STABLE |
Telecom Italia S.p.A. | 05/06/2002 | rating confirmed/ outlook changed | BBB+ | POSITIVE |
Telecom Italia S.p.A. | 01/10/2001 | rating confirmed/ positive watch removed | BBB+ | STABLE |
Telecom Italia S.p.A. | 30/07/2001 | rating confirmed | BBB+ | POSITIVE WATCH |
Telecom Italia S.p.A. | 02/04/2001 | rating confirmed | BBB+ | POSITIVE WATCH |
Telecom Italia S.p.A. | 28/03/2001 | assignment of the rating | BBB+ | POSITIVE WATCH |
Moody's
Telecom Italia S.p.A. | 06/11/2023 | rating confirmed and outlook changed | B1 | UNDER REVIEW FOR UPGRADE |
Telecom Italia S.p.A. | 21/07/2022 | rating changed outlook confirmed | B1 | NEGATIVE |
Telecom Italia S.p.A. | 08/03/2022 | rating and outlook changed | Ba3 | NEGATIVE |
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. | 09/05/2017 | outlook changed | Ba1 | STABLE |
Telecom Italia S.p.A. | 08/10/2013 | rating and outlook changed | Ba1 | NEGATIVE |
Telecom Italia S.p.A. | 08/08/2013 | rating on review | Baa3 | CREDIT WATCH NEGATIVE |
Telecom Italia S.p.A. | 11/02/2013 | rating changed | Baa3 | NEGATIVE |
Telecom Italia S.p.A. | 08/09/2011 | outlook changed | Baa2 | NEGATIVE |
New Telecom Italia S.p.A.(after merger with TIM) | 12/05/2008 | rating confirmed/ outlook changed | Baa2 | STABLE |
New Telecom Italia S.p.A. (after merger with TIM) | 03/12/2007 | rating confirmed/ outlook changed | Baa2 | NEGATIVE |
New Telecom Italia S.p.A. (after merger with TIM) | 07/12/2004 | rating confirmed | Baa2 | STABLE |
New Telecom Italia S.p.A. | 12/08/2003 | Baa2 | STABLE | |
Telecom Italia S.p.A. | 12/03/2003 | under review | NEGATIVE | |
Telecom Italia S.p.A. | 19/12/2001 | rating confirmed/ outlook changed | Baa1 | POSITIVE |
Telecom Italia S.p.A. | 02/10/2001 | under review | Baa1 | STABLE |
Fitch Ratings
Telecom Italia S.p.A. | 10/11/2023 | rating confirmed and outlook changed | BB- | UNDER REVIEW FOR UPGRADE |
Telecom Italia S.p.A. | 15/11/2022 | rating changed and outlook confirmed | BB- | NEGATIVE |
Telecom Italia S.p.A. | 18/03/2022 | rating and outlook changed | BB | NEGATIVE |
Telecom Italia S.p.A. | 23/03/2021 | rating and outlook confirmed | BB+ | 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. | 09/02/2017 | rating and outlook confirmed | BBB- | STABLE |
Telecom Italia S.p.A. | 20/11/2015 | rating confirmed/ outlook changed | BBB- | STABLE |
Telecom Italia S.p.A. | 04/10/2013 | rating changed/ outlook confirmed | BBB- | NEGATIVE |
Telecom Italia S.p.A. | 05/08/2013 | rating changed/ outlook confirmed | BBB- | NEGATIVE |
Telecom Italia S.p.A. | 11/10/2011 | rating confirmed/ outlook changed | BBB | NEGATIVE |
Telecom Italia S.p.A. | 11/12/2008 | rating changed/ outlook changed | BBB | STABLE |
Telecom Italia S.p.A. | 11/04/2006 | rating changed/ outlook changed | BBB+ | STABLE |
New Telecom Italia S.p.A. (after merger with TIM) | 07/12/2004 | rating confirmed/ outlook changed | A- | NEGATIVE |
New Telecom Italia S.p.A. | 05/08/2003 riaffirmed 12/11/2004 | A- | STABLE |
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