S&P lifts Astaldi to positive

Standard & Poor’s said it revised the outlook on Astaldi SpA to positive from stable.

The agency also said it affirmed the B+ long-term corporate credit rating, along with the B+ ratings on the company’s debt. The recovery rating on this debt is unchanged at 4.

The outlook revision reflects a view that Astaldi may meaningfully reduce its adjusted debt during 2015, if it is successful in disposing of a significant portion of its concessions assets, S&P said.

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