Posted in Press release, Rating
S&P’S RATING ON AMCO REMAINS BBB
S&P’S RATING ON AMCO REMAINS BBB AFTER S&P’S ANNUAL REVIEW
THE OUTLOOK IS STABLE
- Long-Term rating at BBB, Short-Term rating at A-2, and Outlook Stable
- AMCO’s role in the derisking of bank balance sheets continues to be perceived as crucial
Milan, 30 June 2021. AMCO S.p.A. announces that S&P has recently performed its annual review of the credit ratings of AMCO and published an updated full analysis; the ratings remain the following: Long-Term at “BBB“, Short-Term at “A-2” and the Outlook as “stable”.
The ratings agency continues attributing to AMCO a crucial role in the derisking of bank balance sheets and expects the company’s business to expand as a result of the post-Covid-19 economic fallout.
S&P considers AMCO as a Government-related entity with an almost certain likelihood of financial support from the Italian Government, and therefore continues equalizing AMCO’s Long-Term rating to that of the Italian Sovereign.