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Atlantia And Autostrade Per l'Italia Outlook Revised To Negative; 'A/A-1' Ratings Affirmed Dec 08
Standard & Poors, Dec 2008
Abstract
MADRID (Standard & Poor's) Dec. 4, 2008--Standard & Poor's Ratings Services said today that it has revised its outlook on Italy-based toll road operator Autostrade per I'Italia SpA (ASPI) and its 100% owner Atlantia SpA to negative from stable, reflecting our concerns over a gradual financial profile weakening following the announcement that Atlantia intends to acquire several assets in South America and Portugal, combined with a deteriorating operating performance and our perception of resumed regulatory uncertainty. At the same time, Standard & Poor's affirmed its 'A/A-1' long- and short-term corporate credit ratings on Atlantia and ASPI. Atlantia announced on Dec. 1, 2008, an agreement to acquire several assets from Itinere (not rated), the concession arm of Spain-based construction, energy, and...
Companies mentioned in this report are: Atlantia SpA
Action: Outlook: Negative
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.
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