London, 14 January 2014 -- Moody's Investors Service has today affirmed the Baa1 long-term issuer and senior unsecured ratings of SNAM S.p.A., Italy's main gas transport, storage and distribution operator. Concurrently, Moody's has affirmed the provisional (P)Baa1 long-term rating on the company's euro medium-term note (EMTN) programme. The outlook on the ratings remains negative.

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