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

 

 

 
BB-
CreditWatch negative
Ba2(1)
Negative Outlook
BB+(2)
 
 (3) BB-
CreditWatch negative 
Ba3
Negative Outlook
BB+
Rating Watch Negative 
BB+
CreditWatch negative 
Baa3
Negative Outlook
BBB-
Rating Watch Negative 
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) Moody's Corporate family rating of the Atlantia Group. The rating on Atlantia holding bonds is "Ba3", Negative outllok.

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.