The credit ratings of Autostrade per l'Italia and its bond issues are as follows
|Issuer|| EMTN Programme (€7miliardi)(*) |
|Standard & Poor's||BB-||Developing outlook||BB-||Developing outlook|
|Fitch Ratings||BB+||Rating Watch Evolving||BB+||Rating Watch Evolving|
(*) Since December 2016 Autostrade per l'Italia has substitued Atlantia as the issuer of the bonds originally issued between 2004 and 2014 under the former Atlantia's EMTN Programme of Atlantia. These notes have the same ratings of Autostrade per l'Italia's €7bn EMTN Programme.