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

 

 

 
BB-
CreditWatch negative
Ba1(1)
 
BB+(2)
 
 (3) BB-
CreditWatch negative 
Ba1
Review for downgrade
BB+
Rating Watch Negative 
BB+
CreditWatch negative 
Baa3
Review for downgrade
BBB-
Rating Watch Negative 
BBB-
CreditWatch negative 
n.d. BBB
Stable outlook
BBB-
CreditWatch negative 
Baa3
Stable outlook
n.d.
BBB-
CreditWatch negative 
Baa1
Stable outlook
n.d.

1) Moody's Corporate family rating of the Atlantia Group. The rating on Atlantia holding bonds is "Ba2", Review for downgrade.

2) Fitch Atlantia's Group Consolidated rating. The rating on Atlantia holding bonds is "BB", Rating Watch Negative.

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.