ENI Boss Shrugs Off Libya Downgrade

Fitch Ratings has revised ENI's outlook to negative from stable, and affirmed its long-term issuer default rating and senior unsecured rating at 'A+'.

The change is due to continued production volatility in Libya and delays to the production ramp-up in Kazakhstan.

Meanwhle, CEO Paolo Scaroni (pictured) said on Thursday:

"From time to time we do lose some sleep over places like Libya, but we take the historic view. We've been there since the time of King Idris, so we won't let what is happening over there now frighten us more than it should."

(Sources: StockMarketWire.com, AnsaMed)

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