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Ferrovie dello Stato Italiane S.p.A.: Fitch affirms “BBB+” rating with Stable Outlook

Rome, October 21st, 2026

Fitch Ratings has released its annual assessment of the credit profile of Ferrovie dello Stato Italiane S.p.A. (FS), affirming its Long-Term Rating at ‘BBB+’ with a Stable Outlook, in line with that of the Italian Republic.

Fitch has revised FS’s Standalone Credit Profile to ‘bbb’ from ‘bbb+’.

The Short-Term Rating has been affirmed at ‘F1’.

Fitch’s official press release is available at the following link https://www.fitchratings.com/


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