CREDIT RATINGS

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AGENCY
As of today
Before last review
Date of review
Moody's
Ba1* / Stable Outlook*
Ba1 / Positive Outlook
October 2018
S&P
BB+ / Stable Outlook**
BB+ / Positive Outlook
April 2020
Fitch
BBB- / Negative Outlook***
BBB- / Stable Outlook
May 2020
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*In May 2019, Moody's upgraded Leonardo's Baseline Credit Assessment (BCA) to ba1 from ba2 and affirmed the Ba1 Corporate Family Rating (CFR); Moody's stated that this review is not due to Leonardo's stand-alone credit rating but is the consequence of Italy's country downgrade

**Outlook review by S&P is related to the possible consequences of the COVID-19 pandemic

***Outlook review by Fitch is related to the possible consequences of the COVID-19 pandemic

 

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