Saipem S.p.A. Credit Rating

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Date	Document Type	Title	Source
31 May 2018	Announcement	Moody's: Italian corporate bond issuance to slow in 2018-19 after hitting record highs	Moody's Investors Service
16 May 2018	Credit Opinion	Saipem S.p.A.: Update to Discussion of Key Credit Factors	Moody's Investors Service
04 May 2018	Rating Action	Moody's affirms Saipem's Ba1 rating with stable outlook	Moody's Investors Service
26 Sep 2017	Announcement	Moody's: Strong sales growth will keep global construction sector's outlook stable into 2018	Moody's Investors Service
23 Jun 2017	Announcement	Moody's: Italian corporate bond issuance to rebound to 'normal' levels in 2017-18	Moody's Investors Service
15 Jun 2017	Credit Opinion	Saipem S.p.A.: Update to Discussion of Key Credit Factors	Moody's Investors Service
12 Jun 2017	Announcement	Moody's: Italian companies' credit quality to stay stable into 2018 as low GDP growth hinders improvements	Moody's Investors Service
14 Oct 2016	LGD Assessment	Saipem S.p.A.	Moody's Investors Service
29 Sep 2016	Issuer Comment	Saipem Wins $430 Million in New Onshore Drilling Contracts, a Credit Positive	Moody's Investors Service
29 Jun 2016	Rating Action	Moody's assigns a (P)Ba1 rating to Saipem's Medium Term Note Programme	Moody's Investors Service
23 May 2016	Rating Action	Moody's downgrades Saipem to Ba1 from (P)Baa3; outlook stable	Moody's Investors Service
17 Feb 2016	Credit Opinion	Saipem S.p.A.	Moody's Investors Service
10 Feb 2016	Rating Action	Moody's reviews Saipem's provisional (P)Baa3 rating for downgrade	Moody's Investors Service
28 Oct 2015	Rating Action	Moody's assigns provisional (P)Baa3 issuer rating to Saipem S.p.A.; outlook stable	Moody's Investors Service

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