Fitch revises Atlantia watch to positive

Fitch Ratings said it revised the rating watch on Atlantia SpA's €10 billion-euro medium-term note program, rated BB, to positive from evolving.

“The rating action on Atlantia reflects the potential positive impact on its credit profile following its shareholders' approval of the disposal of ASPI, its Italian toll road business. Despite much smaller in size, the new Atlantia group will have a valuable and geographically diversified portfolio of mature and resilient assets. Atlantia may also dispose of stakes in non-core assets, in case of need, resulting in substantial balance-sheet flexibility,” Fitch said in a press release.

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