Rome, 17 July 2012 – Following its downgrade of Italian sovereign debt from ‘A3’ to ‘Baa2’ on 13 July, Moody’s has lowered Atlantia’s rating from ‘A3’ to ‘Baa1’ with a negative outlook. The downgrade and negative outlook reflect an increase in the Company’s country risk exposure, given that it operates primarily in the Italian market. The agency also stressed that the country’s credit rating remains one notch above the rating assigned to Italy, as Atlantia benefits from having adequate liquidity and diversified sources of funding, in addition to a growing international footprint. The fully text of Moody’s announcement is provided below.