|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.88 - 7.30|
|52 Week Range||5.04 - 14.00|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||9.10|
|Forward Dividend & Yield||1.01 (14.14%)|
|Ex-Dividend Date||May 19, 2019|
|1y Target Est||N/A|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Atlantia S.p.A. Madrid, March 18, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Atlantia S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Rome's main airport will close one of its two terminals, while its second airport is shutting to passenger traffic, officials said on Thursday, after thousands of flights were cancelled due to the coronavirus. The Italian authorities are also considering shutting Milan's Linate airport, currently being used for national flights, as well as an unspecified number of regional airports to try to halt the contagion, a government source said. Rome Fiumicino will close its main terminal on March 17, Aeroporti di Roma said in a statement, while Ciampino airport, used by budget airlines, will close on March 14.
Moody's Investors Service, ("Moody's") has today affirmed the Baa1 long-term senior unsecured rating, the (P)Baa1 provisional long-term EMTN senior unsecured rating of SANEF S.A. (Sanef), as well as the Baa1 long-term underlying rating of the EUR1,500 million senior unsecured facility agreement entered into by Sanef with BNP Paribas and Dexia Credit Local as arrangers (BNP/Dexia facility). The A2 ratings of the A and B tranches of the BNP/Dexia facility remain unchanged as they are solely based on the financial guarantee insurance policy issued by Assured Guaranty (Europe) plc (AGE, Insurance Financial Strength rating A2 stable). The affirmation of the Sanef and HIT ratings with a stable outlook reflects Moody's expectation that the capital structure and overall leverage of the Sanef and HIT group will not be fundamentally altered as a result of the deterioration in the credit quality profile of its ultimate parent Atlantia S.p.A. (Atlantia, Ba2 negative corporate family rating).
Moody's Investors Service, (Moody's) has today downgraded to Ba3 from Ba2 the senior unsecured rating and to (P)Ba3 from (P)Ba2 the rating of the euro medium-term note (EMTN) programme of Atlantia S.p.A. (Atlantia). Moody's also downgraded to Ba2 from Ba1 the corporate family rating of Atlantia.
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MILAN/ROME (Reuters) - Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession. Speaking on Radio 24, Deputy Transport Minister Giancarlo Cancelleri, from the 5-Star Movement that has led calls for Atlantia to be stripped of its concession, acknowledged the government could decide not to revoke the license. Cancelleri said he personally favored cancellation but that the government had not yet taken a decision.
The new CEO of Italy's Atlantia signalled a fresh approach on Friday to the crisis caused by the deadly collapse of a bridge operated by its motorway arm in 2018, apologising for the disaster and seeking talks with the government. Carlo Bertazzo's predecessor was heavily criticised by politicians for a delay in apologising for the death of 43 people and also took a more confrontational approach to Rome's threat to strip Atlantia of its highway concession. "First of all, we apologise to the families of the victims and to all Italians," Bertazzo told La Stampa newspaper in his first interview since taking over at Atlantia, which is 30% owned by the Benetton family.
Moody's Investors Service has today placed on review for downgrade the Baa3 senior secured bank loan rating of Azzurra Aeroporti S.p.A. (Azzurra Aeroporti) and the Baa2 issuer rating of Aéroports de la Côte d'Azur (ACA). The ratings review follows publication of the decision by the Council of State, which dismissed ACA's request to cancel the tariff decision by the Independent Supervisory Authority (ISA) from April 2019. In light of the above decision and given that ACA's tariff proposal to the Transport Regulatory Authority (TRA) -- a regulatory authority for the aviation industry, which replaced ISA effective 1 October 2019 -- was rejected in November, there is significant uncertainty around any changes to ACA's tariffs this year.
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Atlantia risks going bankrupt if Italy's government revokes its motorway licence with limited compensation, the infrastructure group's CEO told an Italian daily on Saturday, adding an alternative compromise could be found. Atlantia has come under fire after the collapse of a concrete bridge operated by its Autostrade per l'Italia unit killed 43 people in the port city of Genoa in August 2018. The Rome government is considering revoking Autostrade's motorway licence and recently passed measures that reduce compensation owed for the early termination of a contract if the concession holder is in breach of its obligations.
Moody's Investors Service, ("Moody's") has today downgraded to Ba2 from Ba1 the senior unsecured rating and to (P)Ba2 from (P)Ba1 the rating of the euro medium-term note (EMTN) programme of Italian motorway and airport infrastructure company Atlantia S.p.A. (Atlantia). Moody's also downgraded to Ba1 from Baa3 the senior unsecured ratings and to (P)Ba1 from (P)Baa3 the senior unsecured EMTN programme rating of toll road operator Autostrade per l'Italia S.p.A. (ASPI).
Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday. "The government asked to draw up an actual relaunch plan and not one to rescue Alitalia, and that is what we are interested in.. With Delta not available to manage the airline it was unthinkable to launch a true industrial plan," Fabio Cerchiai told daily Il Messaggero. Alitalia, which has been run by administrators since May 2017 is expected to run out of money at the end of this year.
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