FS Italiane: Fitch downgrades the rating by one notch to 'BBB' mirroring the downgrade of Italy.

Rome, 5^th May 2017

Fitch has downgraded Ferrovie dello Stato Italiane’s Long-Term Issuer Default Rating to 'BBB' from 'BBB+' while changing the outlook from negative to stable.

The rating action mirrors the corresponding downgrade on Italy’s national government – made by the Agency on April 21^st – because of the FITCH criteria applicable to the Ferrovie rating.

Fitch has also downgraded the rating of Ferrovie’s Euro Medium-Term Note Programme and the related outstanding notes. 

Following the link to the official press release of Fitch where the whole rationale is reported: https://www.fitchratings.com/site/pr/1023207