Rating Action:
Moody's downgrades Atlantia's and Autostrade per l'Italia's ratings to Ba3; negative outlook
02 Mar 2020
Aeroporti di Roma's Baa3 rating confirmed with negative outlook
Madrid, March 02, 2020 -- Moody's Investors Service, (Moody's) has today downgraded to Ba3 from Ba2 the senior unsecured rating and to (P)Ba3 from (P)Ba2 the rating of the euro medium-term note (EMTN) programme of Atlantia S.p.A. (Atlantia). Moody's also downgraded to Ba2 from Ba1 the corporate family rating of Atlantia. Concurrently, Moody's downgraded to Ba3 from Ba1 the senior unsecured ratings and to (P)Ba3 from (P)Ba1 the senior unsecured EMTN programme rating of toll road operator Autostrade per l'Italia S.p.A. (ASPI). Moody's also confirmed the Baa3 senior unsecured and underlying senior secured ratings and the (P)Baa3 senior unsecured EMTN programme rating of airport operator Aeroporti di Roma S.p.A. (ADR). The outlook on all ratings is negative.
The rating action concludes the review initiated on 3 January 2020.