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Autostrade SpA 'AA-/A-1+' Rtgs Affirmed; Outlook Revised to Positive Jun 02
Standard & Poors, June 2002
Abstract
LONDON (Standard & Poor's) June 21, 2002--Standard & Poor's said today it revised the outlook on its corporate credit ratings on Autostrade SpA, the largest toll motorway concessionaire in the Republic of Italy (AA/Stable/A-1+), to positive from stable following the company's planned withdrawal from its telecommunications interests. At the same time, Standard & Poor's affirmed Autostrade SpA's double-'A'-minus long-term and 'A-1'-plus short-term corporate credit ratings. 'The outlook revision reflects the positive impact of the group's exit from telecoms on its business profile,' said Standard & Poor's Infrastructure Finance credit analyst Ana Nogales. 'Standard & Poor's also expects toll tariffs will continue to generate strong cash flow, which will mitigate increased debt service resulting from rising debt to finance planned capital...
Companies mentioned in this report are: Atlantia SpA
Action: Outlook Revised
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.
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