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Aeroporti di Roma SpA ?490 Million Bank Facilities Rated 'BBB+'
Standard & Poors, Sep 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) Sept. 30, 2005--Standard & Poor's Ratings Services said today that it has assigned its 'BBB+' long-term senior secured debt rating to the -490 million bank facilities granted to Rome airport operator Aeroporti di Roma SpA (AdR; (BBB+/Stable/A-2). At the same time, it withdrew its existing 'BBB+' debt ratings on -490 million of facilities following their repayment. The new facilities include a -290 million term facility and a -200 million revolving facility, both maturing in 2012. The related proceeds have been applied to repay the aforementioned bank facilities, -395 million of which was drawn. The new facilities include the same covenant and security package as the rest of AdR's debt. 'Through this refinancing, AdR has extended the...
Companies mentioned in this report are: Aeroporti di Roma SpA
Action: New Rating
Action: Withdrawn
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