Fitch stabilizes Atlantia view

Fitch Ratings said it revised the outlook on holding company Atlantia SpA and Aeroporti di Roma SpA (AdR) to stable from negative. The ratings are affirmed at BB for Atlantia and BBB- for AdR.

“The rating action reflects material group operational over-performance so far in 2022 versus Fitch's expectations. This leads to a projected leverage profile within the guidance for the BB+ consolidated credit assessment after accounting for the imminent use of sizeable cash at Atlantia to fund the voluntary tender offer of its shares (VTO) by Schema Alfa SpA,” Fitch said in a press release.

The stable outlook for AdR reflects the view on Atlantia, the agency said.

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