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Fnm Capital/Financing Update 2020

Nov 10, 2020

4384_rns_2020-11-10_819906a0-5dd9-4f29-9a94-2b7c3037bbd6.pdf

Capital/Financing Update

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Informazione Regolamentata n. 0123-26-2020		Data/Ora Ricezione 10 Novembre 2020 14:22:08
Societa'	:	FNM
Identificativo Informazione Regolamentata	:	139015
Nome utilizzatore	:	FERNORDN01 - MONTANARI
Tipologia	:	3.1
Data/Ora Ricezione	:	10 Novembre 2020 14:22:08
Data/Ora Inizio Diffusione presunta	:	10 Novembre 2020 14:22:09
Oggetto	:	Fitch ratings assigns an issuer default rating of bbb- with a stable outlook
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PRESS RELEASE

FNM: FITCH RATINGS ASSIGNS AN ISSUER DEFAULT RATING OF BBB- WITH A STABLE OUTLOOK

FNM receives a BBB- rating from Fitch, confirming its solidity and prospects following the acquisition of Milano Serravalle – Milano Tangenziali

Milan, 10 November 2020 – FNM would like to announce that it has been assigned a rating by major ratings agency Fitch Ratings.

Fitch Ratings has assigned FNM an investment grade rating of BBB- with a stable outlook.

In its analysis, the agency emphasised the stability of the company's revenues and the resilience of its business model, to which the motorway component will also contribute, following the recent acquisition of Milano Serravalle – Milano Tangenziali, currently being finalised.

The agency also considered the relevant public service contracts (Contratti di servizio) and the development contract (Contratto di programma) between Group companies and the competent local authorities (including Region of Lombardy) and stressed the FNM Group's central role in Lombardy's regional transport system.

The rating will allow FNM to optimise its financial structure, including by diversifying its sources of funding, with the option of having recourse to the capital markets.