Credit Rating Report

TS Energy Italy S.p.A.: Rating Report

Project Finance

Summary

On February 16, 2018, DBRS Limited (DBRS) confirmed the rating
of BBB (low) with a Stable trend to the Senior Secured Notes
(the Notes) issued by TS Energy Italy S.p.A. (the Issuer).

Available Documents

TS Energy Italy S.p.A.: Rating Report

May 16, 2018

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