S&P CONFIRMS TERNA'S RATING: BBB+, STABLE OUTLOOK

The rating agency has recognized the strength of the 2021-2025 Industrial Plan

and Terna's central role in directing and enabling the energy transition

Rome, 20 November 2020 - Today, S&P Global ratings (S&P) has affirmed the long-term corporate credit rating on Terna S.p.A. (Terna) at 'BBB+', one notch above Republic of Italy's rating, with Stable Outlook. At the same time, the Agency has also affirmed the Company's Stand- Alone Credit Profile (SACP) at 'a-', recognizing Terna's central role in directing and enabling the energy transition.

S&P's assessment confirms the strength of the 2021-2025 Industrial Plan, that aims to confirm and reinforce Terna's central role in directing and enabling the energy transition. Terna has decided to accelerate investment in Italy, with a total of € 8.9 billion to be spent on regulated activities over the life of the Plan.

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Terna Rete Elettrica Nazionale S.p.A. published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 18:14:00 UTC