Astaldi S.p.A.: Agreement regarding Muskrat mitigates risks, a credit positive
CORPORATES ISSUER COMMENT 21 December 2016 Contacts Matthias Heck 49-69-70730-720 VP-Senior Analyst [email protected] Astaldi S.p.A. Agreement regarding Muskrat mitigates risks, a credit positive Astaldi (B2 negative) today reported that it has reached an agreement for the completion of the Muskrat falls project in Canada. This agreement substantially mitigates Astaldi's risks relatedAstaldi is an infrastructure construction group based in Italy. Co. is engaged in the development of works in the field of infrastructure and civil engineering. Co.'s activities include the construction of railway, road and air transport infrastructures, energy production plants and civil and industrial construction, as well as management of transport infrastructures, car parks, hospitals and renewable energy facilities. Co. manages and coordinates resources using the “turnkey” formula, from design through to organizing funding and constructing and managing projects. Co. operates throughout the whole of Italy and Eastern Europe, South America, the United States, Africa and the Middle East.
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