The credit ratings of Atlantia are assigned by the leading international ratings agencies.

    Issuer   EMTN Programme (€10 billion)
Agency   Rating Outlook   Rating Outlook
 Standard & Poor's   BBB Negative   BBB- Negative
 Moody's   - -   (P)Baa3 Under review
 Fitch Ratings   - -   BBB Negative

 

 

The credit ratings of Autostrade per l’Italia are as follows

 

    Issuer   EMTN Programme (€7 billion)(*)
Agency   Rating Outlook   Rating Outlook
 Standard & Poor's   BBB Negative   BBB Negative
 Moody's   Baa2 Under review   (P)Baa2 Under review
 Fitch Ratings   BBB+ Negative   BBB+ Negative

 

(*)  Since December 2016 Autostrade per l'Italia has substitued Atlantia as the issuer of the bonds originally issued between 2004 and 2014 under the former Atlantia's EMTN Programme of Atlantia. These notes have the same ratings of Autostrade per l'Italia's €7bn EMTN Programme.

 

The credit ratings of Aeroporti di Roma are as follows

 

    Issuer   EMTN Programme (€1.5 billion)
Agency   Rating Outlook   Rating Outlook
 Standard & Poor's   BBB+ Negative   BBB+ Negative
 Moody's   - -   (P)Baa2 Under review
 Fitch Ratings   BBB+ Negative   BBB+ Negative