Milan, October 24, 2017 - Salini Impregilo (MTA: SAL), Italy's leading infrastructure group, announces that Fitch Ratings has raised its Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB' with a Stable Outlook. Fitch also upgraded the senior unsecured rating to 'BB+' from 'BB'.

Key drivers for the rating have been:

  • Solid Business Profile
  • Healthy Backlog
  • Effective Risk Management
  • Improving Financial Profile
  • Business Plan on Track

Fitch stated: 'The upgrade reflects Salini's improved business profile, which includes increased scale, broader diversification and diminished project concentration. Salini's business profile is now comparable to an investment-grade rating, thanks to its geographical diversification and solid market positioning'.

Salini Impregilo S.p.A. published this content on 24 October 2017 and is solely responsible for the information contained herein.
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