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Atlantia And ASPI 'A-' Long-Term Ratings Placed On CreditWatch Negative After Similar Action On Italy Dec 11
Standard & Poors, Dec 2011
Abstract
On Dec. 5, 2011, we placed our unsolicited 'A' long-term and 'A-1' short-term ratings on the Republic of Italy on CreditWatch negative. We subsequently placed our long-term 'A-' corporate credit ratings on Atlantia SpA and its Italy-based toll road subsidiary Autostrade per I'Italia SpA (ASPI) on CreditWatch negative on Dec. 8, 2011. On the same date, we affirmed our 'A-2' short-term credit ratings on Atlantia and ASPI. The CreditWatch placement reflects the risk that a two-notch downgrade of Italy could lead us to lower our long-term ratings on Atlantia and ASPI. LONDON (Standard & Poor's) Dec. 12, 2011--As previously announced, on Dec. 8, 2011, Standard & Poor's Ratings Services placed its 'A-' long-term corporate credit and issue ratings on Italy-based...
Companies mentioned in this report are: Atlantia SpA,Autostrade per I'Italia SpA
Action: Affirmed
Action: On CreditWatch: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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