Posted in Press release, Rating |

S&P improves Outlook to Stable

STANDARD & POOR’S AFFIRMS AMCO’S

‘BBB’ INVESTMENT GRADE RATING AND IMPROVES OUTLOOK TO STABLE

Milan, October 27th, 2020.  Today Standard & Poor’s (“S&P”) affirmed AMCO’s investment grade rating, with the Long-Term Issuer Credit Rating at ‘BBB’. Furthermore, S&P improved the outlook to Stable from Negative, mirroring that of the Italian Sovereign.

S&P considers AMCO as a Government-related entity with an almost certain likelihood of financial support from the Italian Government, and therefore equalizes AMCO’s long-term rating to that of the Italian Sovereign.

As a reminder, on October 23rd 2020 S&P revised the outlook on its ‘BBB/A-2’ Long-Term and Short-Term Italian Sovereign rating to Stable from Negative.