The rating agency Moody’s has upgraded Mundys senior unsecured rating from Ba2 to Ba1; outlook stable.
The agency considers now Mundys Group consolidated credit quality to be commensurate with a Baa3 rating. Moody’s also improved Aeroporti di Roma outlook from “Stable” to “Positive” and concurrently affirmed the Baa2 senior unsecured rating. According to the agency's assessment, the upgrade of Mundys’ rating reflects the sustained strong operating performance of the Group's main subsidiaries, Aeroporti di Roma and Abertis’ results, improved financial metrics and the recent acquisitions and concession extensions increasing the average concession life of the portfolio in regulated infrastructure assets.
