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Bulletin: Aeroporti di Roma SpA Ratings Unaffected By IATA Announcement On Alitalia
Standard & Poors, April 2008
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
PARIS (Standard & Poor's) April 17, 2008--Standard & Poor's Ratings Services said today that its ratings and outlook on Italian airport operator Aeroporti di Roma SpA (AdR; BBB-/Stable/A-3) are unchanged following the announcement by the International Air Transport Association (IATA) that it is in talks with Alitalia about possible guarantees to keep using its settlements system if the Italian flagship goes into administration. Alitalia represents 40% of AdR's total traffic. We understand that further state aid is banned by the European Commission, limiting the Italian government's ability to intervene. Alitalia's future remains uncertain after a coalition led by Silvio Berlusconi won the country's parliamentary election, defeating the administration that had agreed to the sale of Alitalia to Air France. Trade...
Companies mentioned in this report are: Aeroporti di Roma SpA
Action: Bulletin
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