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Aeroporti di Roma SpA Affirmed At 'BBB+/A-2' Following Annual Review; Outlook Stable
Standard & Poors, June 2005
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 9, 2005--Standard & Poor's Ratings Services said today that it has affirmed its 'BBB+' long-term and 'A-2 short-term corporate credit ratings on Aeroporti de Roma SpA (AdR), the operator of Rome's two airports, following an annual review of the company. The outlook is stable. 'The ratings reflect AdR's strong market position, high proportion of origin and destination traffic, and manageable capital-expenditure program,' said Standard & Poor's credit analyst Monica Mariani. These strengths are offset, however, by AdR's aggressive financial profile and dependence on Alitalia, Italy's weak flag carrier. The stable outlook acknowledges AdR's ability to withstand a short-term stress scenario at the current rating level. The company has demonstrated resilience and flexibility in a challenging...
Companies mentioned in this report are: Aeroporti di Roma SpA
Action: Affirmed
Action: Outlook: Stable
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