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Summary: Ferrovie dello Stato Italiane

Published Dec 02, 2015

8 pages (2421 words) — Published Dec 02, 2015

Price US$ 225.00 | Buy this Report Now

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Abstract:

Dominant market position in the Italian passenger transport and rail freight segments, which is enhanced by sole ownership of all rail track and station infrastructure in Italy. Ongoing support from Italian government through subsidies and investment grants. Increasing competition in the high-speed rail segment. Potential delays to subsidies and grants due to slow economic conditions in Italy. Forecast negative free operating cash flows (FOCF) as a result of substantial capital expenditures (capex). Significant debt burden resulting from a capital intensive business. Standard&Poor's Ratings Services' stable outlook on Italy-based railway operator Ferrovie dello Stato Italiane (FSI) reflects that on Italy. We could lower the ratings on FSI if we downgrade Italy. We could also consider a negative rating action

Brief Excerpt:

...(Editor's Note: On June 21, 2017, we republished this article, originally published on Dec. 2, 2015, to correct the liquidity descriptor in the Ratings Score Snapshot.)...

Report Type:

Summary

Issuer

Ferrovie dello Stato Italiane

Sector

Global Issuers

Country

Italy

Region

Europe, Middle East, Africa

Format:

PDF

Ferrovie dello Stato Italiane – 2017/11/14 – US$ 500.00

Summary: Ferrovie dello Stato Italiane – 2017/11/14 – US$ 225.00

Bulletin: State Support Somewhat Protects Ferrovie dello Stato Italiane Against Potential Effect Of Alitalia Acquisition – 2018/11/05 – Free

Research Update: Italian Integrated Rail And Road Group Ferrovie dello Stato Italiane 'BBB' Ratings Affirmed; Outlook Negative – 2019/09/30 – US$ 225.00

Research Update: Italian Rail And Road Group Ferrovie dello Stato Italiane 'BBB' Rating Affirmed Amid COVID-19-Related Traffic Decline – 2020/07/21 – US$ 225.00

Italian Railway Operator Ferrovie dello Stato Italiane Downgraded To 'BBB-' Following Downgrade Of Italy; Outlook Stable – 2014/12/12 – US$ 150.00

Research Update: Italian Railway Operator Ferrovie dello Stato Italiane Downgraded To 'BBB-' Following Downgrade Of Italy; Outlook Stable – 2014/12/12 – US$ 225.00

Railway Operator Ferrovie dello Stato Italiane 'BBB' Ratings Affirmed; Outlook Remains Negative – 2014/09/16 – US$ 150.00

Research Update: Railway Operator Ferrovie dello Stato Italiane 'BBB' Ratings Affirmed; Outlook Remains Negative – 2014/09/16 – US$ 225.00

Summary: Ferrovie dello Stato Italiane – 2014/04/30 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Ferrovie dello Stato Italiane" Dec 02, 2015. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ferrovie-dello-Stato-Italiane-1871891>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Ferrovie dello Stato Italiane Dec 02, 2015. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ferrovie-dello-Stato-Italiane-1871891>

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