|
|
 |
|
Viewing report
|
|
|
|
Aeroporti di Roma SpA Assigned 'A-/A-2' Ratings; Outlook Stable
Standard & Poors, July 2001
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
LONDON (Standard & Poor's CreditWire) July 24, 2001--Standard & Poor's today assigned its single-'A'-minus long-term and 'A-2' short-term corporate credit ratings to Aeroporti di Roma SpA (AdR). The outlook is stable. At the same time, Standard & Poor's assigned its single-'A'-minus senior secured debt rating to a proposed bank loan due 2017 to be made to AdR. Standard & Poor's has reviewed the loan facility's security package and, although displaying some strengths, these are not sufficient to elevate the bank loan rating owing to concerns about enforceability and value of security. The bank loan will refinance an acquisition bridge facility and provide funds for working capital. See list below for all rating actions. The ratings reflect AdR's strong business position...
Companies mentioned in this report are: Aeroporti di Roma SpA
Action: New Rating
|
|
|
|
