Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable

Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable
Published Dec 22, 2016
8 pages (2898 words) — Published Dec 22, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Dec. 15, 2016, Atlantia SpA and Autostrade per l'Italia (Aspi) announced approval by the respective board of directors of a restructuring plan aimed at organizing the group into four main divisions: Italian motorways, overseas motorways, airports, and other businesses. The restructuring is expected to be completed by the end of Q1 2017. At the same time, Atlantia has obtained necessary approval to transfer to Aspi the senior notes issued under its €10 billion euro medium-term note (EMTN) program and currently guaranteed by Aspi. These notes will benefit from a parent guarantee. We are therefore affirming our 'BBB+/A-2' ratings on Atlantia and Aspi. We are also affirming our 'BBB+' issue rating on the notes under the existing €10 billion EMTN

  
Brief Excerpt:

...On Dec. 15, 2016, Atlantia SpA and Autostrade per l'Italia (Aspi) announced approval by the respective board of directors of a restructuring plan aimed at organizing the group into four main divisions: Italian motorways, overseas motorways, airports, and other businesses. The restructuring is expected to be completed by the end of Q1 2017....

  
Report Type:

Research Update

Ticker
AUT@IM
Issuer
Atlantia SpA
GICS
Highways & Railtracks (20305020)
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable" Dec 22, 2016. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantia-And-Autostrade-per-l-Italia-Ratings-Affirmed-Following-Group-s-Reorganization-Announcement-Outlook-Stable-1779914>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Atlantia And Autostrade per l'Italia Ratings Affirmed Following Group's Reorganization Announcement; Outlook Stable Dec 22, 2016. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantia-And-Autostrade-per-l-Italia-Ratings-Affirmed-Following-Group-s-Reorganization-Announcement-Outlook-Stable-1779914>
  
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