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BULLETIN: Rating and Outlook on City of Rome Unchanged on Transport Reorganization
Standard & Poors, June 2004
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
MILAN (Standard & Poor's) June 25, 2004--Standard & Poor's Ratings Services said today its rating and outlook on the City of Rome (AA-/Stable/--) remain unchanged following the recently announced new organizational model for the city's public transportation. Standard & Poor's already follows a consolidated approach and the rating on Rome takes into account all public transportation responsibilities managed either directly by the city or through its transportation authority, ATAC SpA (A+/Watch Dev/A-1). The rating on ATAC is primarily based on the implicit and explicit support it receives from Rome. One of the possibilities currently being debated at the municipal level is that service contracts would no longer be tendered among different service providers, but assigned directly to the Trambus and...
Companies mentioned in this report are: Rome (City of),ATAC SpA
Action: Bulletin
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