Dagong Global affirms ‘BB+’ credit rating of Salini Impregilo

Milan, November 23, 2018

Milan, 23 November 2018 - Salini Impregilo (MTA: SAL), Italy’s largest infrastructure group, announces that Dagong Global has affirmed its Long-Term Credit Rating at “BB+” and changed the Outlook from ‘Stable’ to ‘Evolving’.

Dagong stated: “The rating reflects Salini Impregilo’s strong business profile and the developments within the last 12 months: The integration of Lane Industries Inc. is well advanced resulting in increased business opportunities in the robust US infrastructure market, better project portfolio and pipeline diversification and a strengthened overall competitive position. Also with the larger group set-up, Salini Impregilo demonstrates solid operational performance, strong project management, and a high implementation level of its risk management framework”.

Dagong added: “The high sophistication of Salini Impregilo’s risk management, its project-by-project pre-bid risk-return evaluations and the close monitoring of project developments, support the current rating.”

 

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