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Italy-Based Atlantia And ASPI 'BBB+' Long-Term Ratings Affirmed Following Sovereign Downgrade; Outlook Negative

Published Jul 18, 2013

About This Report

Abstract:

On July 9, 2013, we lowered our unsolicited long-term sovereign credit ratings on the Republic of Italy to 'BBB' from 'BBB+', and assigned them a negative outlook. We consider that Italy-based toll road operator Atlantia SpA and its subsidiary Autostrade per I'Italia SpA (ASPI) have "high" country risk exposure to Italy, although we already incorporate the companies' weak operations in Italy into our ratings. We are therefore affirming our 'BBB+/A-2' corporate credit ratings on Atlantia and ASPI. The negative outlook reflects our view that the weak economic environment in Italy could still weigh on Atlantia's credit metrics. It also reflects the risk that we could lower the ratings if we were to downgrade Italy. LONDON (Standard&Poor's) July 18,

Report Type:

Ratings Action

Ticker

AUT@IM

Issuer

Atlantia SpA

GICS

Highways & Railtracks (20305020)

Sector

Global Issuers

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Italy-Based Atlantia And ASPI 'BBB+' Long-Term Ratings Affirmed Following Sovereign Downgrade; Outlook Negative" Jul 18, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Italy-Based-Atlantia-And-ASPI-BBB-Long-Term-Ratings-Affirmed-Following-Sovereign-Downgrade-Outlook-Negative-1162386>

APA:	S&P Global Ratings’ Credit Research. (). Italy-Based Atlantia And ASPI 'BBB+' Long-Term Ratings Affirmed Following Sovereign Downgrade; Outlook Negative Jul 18, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Italy-Based-Atlantia-And-ASPI-BBB-Long-Term-Ratings-Affirmed-Following-Sovereign-Downgrade-Outlook-Negative-1162386>

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