On June 27, 2008, Standard&Poor's Ratings Services revised its outlook on Italian toll road operator Atlantia SpA to stable from negative, reflecting better visibility regarding tariffs and operations after parliament's approval of Autostrade per l'Italia's new concession contract. At the same time, Standard&Poor's affirmed its 'A/A-1' long- and short-term corporate credit ratings on Atlantia. The ratings on Atlantia (formerly Autostrade SpA) reflect its excellent business profile as Italy's largest motorway group, with the majority of cash generation derived from stable and profitable mature toll road concessions regulated under a clear and supportive concession agreement expiring in 2038. The ratings also reflect a strong competitive position and prudent debt management with limited refinancing needs. These factors are
