A2A S.p.A. -- Moody's: Italy's energy utilities maintain creditworthiness despite low wholesale power prices and weak electricity demand

London, 02 July 2014 -- Barring any unforeseen shocks in the natural gas market, wholesale electricity prices in Italy will continue to decline through 2020 mainly as the result of lower natural gas prices, says Moody's Investor Services in a new report published today. This weakening price trend for power prices will adversely affect the earnings of most rated utilities in Italy. However, material diversification into lower risk regulated business, access to ancillary services market, flexible gas procurement and price hedging will mitigate the impact on energy utilities' creditworthiness.

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