Fitch changes Abertis view

Fitch Ratings said it revised the outlooks on Abertis Infraestructuras, SA's long-term issuer default rating and its unsecured notes and Abertis Infraestructuras Finance BV's hybrid instruments to stable from negative.

The ratings were affirmed.

The agency said the actions on Abertis reflects group operational over-performance in 2022, which in Fitch’s view should support deleveraging below 6.0x by 2024, absent any material debt-funded acquisition.

Fitch said Abertis' BBB rating considers the geographically diversified portfolio of mature assets in European Union and the Americas and the considerable, albeit diminishing, financial flexibility of its balance sheet.

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