Spotlight On Italian Utilities: Outlook Stable Despite Complex Operating Conditions

19 nov 2015
Primary Credit Analyst: Vittoria Ferraris, Milan (39) 02-72111-207; vittoria.ferraris@standardandpoors.com Secondary Contacts: Tobias Buechler, CFA, Frankfurt +49 69-33 999-136; tobias.buechler@standardandpoors.com Pierre Georges, Paris (33) 1-4420-6735; pierre.georges@standardandpoors.com Salvio Cascarino, Milan; salvio.cascarino@standardandpoors.com

Table Of Contents

  • The Outlook For Our Rated Italian Utilities Is Stable
  • Investments Will Remain Prudent Over The Next Three Years
  • The Correlation Between Economic Growth And The Demand For Power Is Weakening
  • Overcapacity Will Remain A Problem For Thermal Power Plants
  • Power Prices Are Unlikely To Recover
  • The Remuneration Of Regulated Assets Is On A Downward Trend
  • Low Commodity Prices Make Power Supply More Profitable
  • M&A Activity Is On The Rise
  • Investments Alone Cannot Guarantee Future Growth
  • Related Criteria And Research

Il report integrale in download.