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

 

 

Holding1
BBB-
Negative watch
Baa3
Under review
BBB
Negative outlook
2 BBB
Negative watch
Baa2
Under review
BBB+
Negative outlook
BBB+
Negative watch
Baa2
Under review
BBB+
Negative outlook
BBB
Stable outlook
n.d. BBB
Stable outlook
BBB
Stable outlook
Baa3
Stable outlook
n.d.
BBB
Stable outlook
Baa1
Stable outlook
n.d.

1) Credit ratings referred to Atlantia's bonds. S&P rating on Atlantia issuer is BBB, negative watch.
2) 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.