S&P could cut Eni

Standard & Poor's said it placed its A/A-1 long- and short-term corporate credit ratings on Eni SpA on CreditWatch with negative implications.

The CreditWatch placement follows the July 9 downgrade of Eni's 30% shareholder, the Republic of Italy.

S&P said the placement reflects its view that Eni's credit quality is not insulated from the difficulties of operating in Italy and neither is it distinct from the creditworthiness of the state.

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