The rating on Autostrade per l'Italia's creditworthiness issued by the three rating agencies - Standard & Poor's, Moody's and Fitch Ratings – is shown in the table below

AGENCYIssuerEMTN Programme (€7 miliardi)(*)
Standard & Poor's
Rating: BBB-
Outlook: Stable Outlook
Rating: BBB-
Outlook: Stable Outlook
Moody's
-
-
Rating: Baa3
Outlook: Stable Outlook
Fitch Ratings
Rating: BBB
Outlook: Stable Outlook
Rating: BBB
Outlook: Stable Outlook

(*) 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. These notes have the same ratings of Autostrade per l'Italia's €7bn EMTN Programme.