Moody's changes FNM´s outlook to negative from stable; affirms Baa3 rating
Moody's Ratings (Moody's) has today changed the outlook on FNM S.p.A. (FNM) to negative from stable. Concurrently, Moody´s has affirmed the Baa3 long term issuer rating, Baa3 senior unsecured rating and (P)Baa3 senior unsecured EMTN programme rating. In addition, FNM´s Baseline Credit Assessment (BC...FNM is the operating holding company of the Gruppo Ferrovie Nord Milano. Co. and its subsidiaries are engaged in the transportation business, mainly railroad, in the Lombardy region. The Group also operates bus lines and air transport by helicopters. Co. is also involved in property development and real estate activities in relation to its transportion business function.
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