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Autostrade's Proposed Guaranteed ?10 Bil GMTN Program and ?2 Bil Bank Facilities Rated 'A' May 04
Standard & Poors, May 2004
Abstract
MILAN (Standard & Poor's) May 12, 2004--Standard & Poor's Ratings Services said today that it has assigned its 'A' senior unsecured debt rating to the proposed -10 billion Global Medium Term Note (GMTN) program to be issued by Italian toll road operator Autostrade SpA (A/Stable/A-1) and its subsidiary Autostrade Participations S.A. In addition, Standard & Poor's assigned its 'A' senior unsecured debt rating to the -2 billion proposed bank facilities to be granted to the parent. The notes and facilities will be guaranteed by Autostrade per l'Italia SpA, the main operating entity of the Autostrade group. The notes issued by Autostrade Participations S.A. will also be guaranteed by Autostrade SpA. 'In Standard & Poor's view, the guarantee from Autostrade per...
Companies mentioned in this report are: Atlantia SpA
Action: New Rating
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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