Fitch switches ASPI and AdR watch to evolving

Fitch Ratings said it revised the rating watch on Autostrade per l’Italia SpA’s (ASPI) and Aeroporti di Roma SpA’s (AdR) long-term issuer default ratings of BB+ and BBB-, respectively, to evolving from negative.

“The rating actions follow the recent preliminary agreement between the group and the national government to settle the dispute on the ASPI concession early termination. We understand that negotiations are still ongoing and parties have yet to sign a binding agreement before the government formally withdraws the dispute opened in the aftermath of the Morandi Bridge collapse in August 2018. The RWE reflects the still high uncertainties about the evolution of the situation,” Fitch said in a press release.

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