Moody's places Astaldi's B3 ratings on review for downgrade
Rating Action: Moody's places Astaldi's B3 ratings on review for downgrade. Global Credit Research- 16 Nov 2017. Frankfurt am Main, November 16, 2017-- Moody's Investors Service, has today placed on review for downgrade the B3 corporate family rating, the B3 senior unsecured instrument ratings and the B3-PD probability of default rating of Astaldi S.p.A..Astaldi 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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