Preliminary Rating Assigned in Second Italian High-Speed Railway Funding Securitization Jun 04
- ID: 2043044
- June 2004
- Region: Italy
- Standard & Poors
LONDON (Standard & Poor's) June 25, 2004--Standard & Poor's Ratings Services said today that it assigned a preliminary 'AA' credit rating to the limited-recourse notes series 4 to be issued by Infrastrutture SpA, the high-speed railway funding note program. The exact amount to be issued is to be determined, but may be about €1 billion. This issue is very similar to the series 1, 2, and 3 issuance. "It uses the same special legal framework created to support the previous deal, which closed in February 2004," said Fabio Tamburrano, a credit analyst in Standard & Poor's Structured Finance Ratings group in London. "Under this framework, amounts due under the loans and proceeds from the operation of the railway system are...
Companies mentioned in this report are:
- Infrastrutture SpA
- Italy (Republic of) (Unsolicited Ratings)
Action: Preliminary Rating
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Research type: News
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