- Language: English
- Published: July 2012
- Region: Italy
Italian City of Rome Lowered To 'A' On Disclosure Of Contingent Liabilities; Outlook Negative
- Published: July 2008
- Region: Italy
- Standard & Poors
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Research type: News
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PARIS (Standard & Poor's) July 23, 2008--Standard & Poor's Ratings Services said today that it has lowered its long-term issuer credit rating on the Italian City of Rome to 'A' from 'A+'. The outlook is negative. Consequently, Standard & Poor's also lowered its long-term issuer credit rating on Rome's public transportation company ATAC SpA to 'A-' from 'A'. The 'A-2' short-term issuer credit rating on ATAC was affirmed. The outlook on ATAC SpA is negative, reflecting that on Rome. The downgrade of Rome results from the analysis carried out by Standard & Poor's over the past month on the back of the audit completed by the Italian Treasury at the end of June and following further due diligence conducted with...
Companies mentioned in this report are: Rome (City of),ATAC SpA
Action: Outlook: Negative
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Rome (City of),ATAC SpA