Posted in Press release, Rating |
 

Fitch affirms Investment Grade rating (BBB-)

 
 

FITCH AFFIRMS AMCO’S INVESTMENT GRADE RATING AT ‘BBB-’The Outlook is Stable

Milan, May 6th, 2020.  Today Fitch Ratings has affirmed AMCO’s investment grade rating, with Long-Term Issuer Default Rating (IDR) at ‘BBB-’ and Short-Term Foreign-Currency IDR at ‘F3’. The Outlook is Stable.

The affirmation concludes Fitch’s review initiated in December 2019 when the Agency started considering whether to strengthen the links between the Sovereign rating and the rating of AMCO.

As a result, Fitch’s IDR rating on AMCO is now equal to Fitch’s rating on the Italian Sovereign[1] -i.e. BBB- with Stable Outlook-.

[1] Fitch reviewed the Italian Sovereign rating on April 28th, 2020.

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