Moody's lifts rating for Telecom Italia stock as Poste reaches 86.95 percent

Published on 10/16/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The upgrade followed Poste's 86.95 percent stake and a Ba1 starting rating. For Telecom Italia stock this means EUR 12.1 billion.

Ownership and earnings markers

Moody's raised Telecom Italia's rating to Baa3 from Ba1 on October 9, 2026.
Second-quarter revenue reached EUR 3.51 billion, up 4.30 percent year over year.
Telecom Italia had a EUR 12.1 billion market capitalization as of October 16, 2026.

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Telecom Italia stock is at the center of a credit-market reset after Il Sole 24 Ore reported on October 9, 2026 that Moody's raised the company's issuer rating from Ba1 to Baa3 with a positive outlook. The decision followed Poste Italiane's acquisition of approximately 86.95 percent of Telecom Italia's shares.

Credit upgrade follows ownership change

The rating change connects Telecom Italia's credit profile to Poste Italiane and the Italian state. Il Sole 24 Ore said Moody's viewed TIM as a government-related issuer because of the state's indirect 45.20 percent stake in Poste Italiane. The stronger rating improves the financing narrative, while operating performance remains the next test.

What does the rating change mean for debt?

The key comparison is the move from Ba1 to Baa3, a one-notch improvement in Moody's baseline credit assessment to ba1. Poste Italiane's 86.95 percent holding gives the ownership structure a measurable role in that assessment, but the rating decision does not replace Telecom Italia's operating figures.

Three dated ownership milestones

On October 2, 2026, Poste Italiane held 86.95 percent of Telecom Italia after settling its public offer, according to Valor. On October 7, 2026, TIM moved its board review of September financial information to November 10, 2026, as reported by The Globe and Mail. On October 9, 2026, Moody's raised the issuer rating to Baa3 from Ba1.

Second-quarter growth sets the operating test

Telecom Italia's second-quarter revenue was EUR 3.51 billion, up 4.30 percent from the second quarter of 2025. Net income reached EUR 104.0 million, an increase of EUR 91.0 million, while profit margin rose to 3.00 percent from 0.40 percent, according to Simply Wall St. The company is targeting group revenue growth of 2.00 percent to 3.00 percent for fiscal year 2026, keeping execution central to the investment case.

November reporting dates matter

Boerse-Express reported that the board is scheduled to approve third-quarter 2026 financial information on November 10, 2026, followed by the results conference call on November 11, 2026. Those dates provide the next quantified test of whether revenue growth and margin improvement can support the upgraded credit profile.

Market value and yearly range

Telecom Italia had a market capitalization of EUR 12.1 billion and a 52-week range of EUR 4.66 to EUR 8.19 as of October 16, 2026. Global Banking and Finance identifies the company as Telecom Italia S.p.A., ticker TIT.MI, listed on Borsa Italiana in EUR. The valuation frame leaves the November financial update as the next concrete operating marker.