Standard & Poor’s lowers Saipem rating

San Donato Milanese (Milan), May 06, 2016 – Saipem informs that Standard & Poor's, the credit rating agency, has reduced Saipem’s long term rating, bringing it to 'BB+' with negative outlook from the previous 'BBB-' with stable outlook, and removing it from “CreditWatch negative”. 

This follows the announcements by Standard & Poor's and Moody's  (made on February 4th and 10th respectively) that the credit rating of Saipem had been placed under review for a possible downgrade.

More information is available at 


Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content
Switchboard: +39 0244231 

Media relations
Tel: +39 0244234088;

iCorporate press office
Tel: +39 024678752; Mobile: +39 3669134595;

Relations with institutional investors and financial analysts
Tel: +39 0244234653; Fax: +39 0244254295;

Contact point for retail investors  

Standard & Poor’s lowers Saipem rating

pdf - 12-2022