08:59 AM EST, 11/12/2026 (MT Newswires) -- Fitch Ratings upgraded Telecom Italia's (TIT.MI) long-term issuer default rating to BBB- from BB+ and removed it from rating watch positive, while assigning a positive outlook. The rating action follows Poste Italiane's (PST.MI) acquisition of an 87% stake in the telecommunications company, according to a Thursday release. It also considers the rating agency's parent and subsidiary linkage assessment, as well as potential synergies resulting from a full consolidation, among others. The positive outlook, meanwhile, reflects expectations of stronger legal and operational ties between Telecom Italia and Poste Italiane as the postal services company possibly pursues full ownership.

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