- Published: January 2011
Research Update: Aeroporti di Roma 'BB/B' Ratings Affirmed On Swap Counterparty Replacement; Outlook Negative On Regulatory Uncertainty
- Published: May 2010
- Standard & Poors
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.
Product Type: Research Update
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Aeroporti di Roma's securitization vehicle, Romulus Finance, has found a replacement swap counterparty. We are affirming our 'BB/B' ratings on AdR and have removed the ratings from CreditWatch negative. The negative outlook reflects the pressure caused, in our view, by the protracted process for agreeing a new regulatory contract, coupled with the need for AdR to start addressing well in advance the refinancing of its -170 million bank loan due in February 2012. On May 11, 2010, Standard & Poor's Ratings Services affirmed its 'BB' long-term corporate credit ratings on Italian airport operator Aeroporti di Roma SpA (AdR) and removed them from CreditWatch with negative implications where they had been placed on Oct. 1 2009. The 'B' short-term corporate credit...
Companies mentioned in this report are: Aeroporti di Roma SpA
Action: Outlook: Negative
Action: Removed From CreditWatch
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Aeroporti di Roma SpA
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