S&P keeps Atlantia on negative watch

S&P said it maintained its CreditWatch with negative implications on the BBB+ long-term ratings on Atlantia SpA and subsidiaries Autostrade per I'Italia SpA and Aeroporti di Roma SpA, where they were placed on Aug. 16.

The agency also maintained the BBB+ issue ratings on CreditWatch negative for the senior unsecured debt under the existing €10 billion euro medium-term note program.

The agency affirmed the A-2 short-term issuer credit ratings on the companies.

“We are maintaining the CreditWatch placements because we continue to see the possibility of a one-notch or more downgrade depending on the potential negative regulatory, operational and financial ramifications from the Genoa bridge collapse,” S&P said in a news release.

“We note that the cause of the collapse remains unknown.”

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