The credit ratings of the main issuers of Atlantia Group are assigned by the following international ratings agencies.

 

 

 
BBB- (1)
Negative outlook
Baa3 (2)
Under review
BBB (2)
Negative outlook
 (3) BBB-
Negative outlook 
Baa2
Under review
BBB+
Negative outlook
BBB
Negative outlook
Baa2
Under review
BBB+
Negative outlook
BBB
Stable outlook
n.d. BBB
Stable outlook
BBB
Stable outlook
Baa3
Stable outlook
n.d.
BBB (4)
Stable outlook
Baa1
Stable outlook
n.d.

1) "Issuer Credit Rating" of Atlantia Group. S&P rating on Atlantia holding bonds is BB+.

2) Credit ratings referred to Atlantia holding's bonds. 

3) 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 bonds therefore have the same ratings of Autostrade per l'Italia.

4) "Issuer Credit Rating" of Sanef Group.