June 24, 2015

Standard & Poor's upgrades Webuild to 'BB+' on strong credit ratios; outlook stable

PRESS NOTES

June 24, 2015 - Salini Impregilo (MTA: SAL), Italy’s leading infrastructure Group operating in over 50 countries, announces that Standard & Poor's Ratings Services has raised its long-term corporate credit rating on Salini Impregilo SpA to 'BB+' from 'BB'. The outlook remains stable.

S&P has also revised, by two notches, its issue rating on Salini Impregilo's €400 million senior unsecured notes maturing in 2018 to 'BB+' from 'BB-'.

The upgrades reflect S&P’s view that Salini Impregilo should achieve stronger credit ratios than previously expected because of supportive market trends, a large backlog of orders, and reduced interest expenses.

 

Standard & Poor's upgrades Webuild to 'BB+' on strong credit ratios; outlook stable
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